Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Year 1 Year 2 Year 3 Year 4 Year 5 Sales $1,800,000 $1,980,000 $2,070,000 $2,160, 000 $2, 250, 000 65,000 40,000 510,000 720,000 $1, 270, 000 Cash 50,000 300,000 600,000 48,000 405,000 690,000 $1,143,000 30, 000 570,000 750,000 $1, 350, 000 $ 640,000 Accounts receivable, net 345,000 660,000 Inventory Total current assets $ 950,000 $1,070,000 $ 400,000 $ 440,000 $ 520,000 $ 580,000 Current liabilities Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Year 5 Sales Current assets: % % % % % Cash % % % % % % % % % % % % % % % % % Accounts receivable, net Inventory Total current assets % % % % Current liabilities % ఈ |
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Year 1 Year 2 Year 3 Year 4 Year 5 Sales $1,800,000 $1,980,000 $2,070,000 $2,160, 000 $2, 250, 000 65,000 40,000 510,000 720,000 $1, 270, 000 Cash 50,000 300,000 600,000 48,000 405,000 690,000 $1,143,000 30, 000 570,000 750,000 $1, 350, 000 $ 640,000 Accounts receivable, net 345,000 660,000 Inventory Total current assets $ 950,000 $1,070,000 $ 400,000 $ 440,000 $ 520,000 $ 580,000 Current liabilities Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Year 5 Sales Current assets: % % % % % Cash % % % % % % % % % % % % % % % % % Accounts receivable, net Inventory Total current assets % % % % Current liabilities % ఈ |
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's
current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows:
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
$1,800, 000
$1,980,000
$2,070,000
$2,160,000
$2, 250, 000
50,000
300,000
600,000
Cash
$4
24
Accounts receivable, net
Inventory
65,000
345,000
660,000
48,000
405,000
40,000
510,000
30,000
570,000
750,000
$1,350,000
690,000
720,000
Total current assets
$ 950,000
$1,070,000
$1,143,000
$1,270,000
Current liabilities
$ 400,000
$ 440,000
$ 520,000
$ 580,000
$ 640,000
Required:
1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers
to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
%
%
%
%
%
Current assets:
%
%
%
%
Cash
%
%
%
Accounts receivable, net
%
%
%
Inventory
%
%
%
%
%
Total current assets
%
%
%
%
%
Current liabilities](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3cadaab7-0242-405d-ab75-d1a15c225b30%2F71a8f189-7e2a-404f-9063-76577709ce70%2Fibw4dt7_processed.png&w=3840&q=75)
Transcribed Image Text:Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's
current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows:
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
$1,800, 000
$1,980,000
$2,070,000
$2,160,000
$2, 250, 000
50,000
300,000
600,000
Cash
$4
24
Accounts receivable, net
Inventory
65,000
345,000
660,000
48,000
405,000
40,000
510,000
30,000
570,000
750,000
$1,350,000
690,000
720,000
Total current assets
$ 950,000
$1,070,000
$1,143,000
$1,270,000
Current liabilities
$ 400,000
$ 440,000
$ 520,000
$ 580,000
$ 640,000
Required:
1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers
to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
%
%
%
%
%
Current assets:
%
%
%
%
Cash
%
%
%
Accounts receivable, net
%
%
%
Inventory
%
%
%
%
%
Total current assets
%
%
%
%
%
Current liabilities
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