Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company’s current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year): image $NZ stands for New Zealand dollars. Required: Express all of the asset, liability, and sales data in trend percentages. (Show percentages for each item.) Use Year I as the base year and carry computations to one decimal place. Comment on the results of your analysis.
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company’s current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year): image $NZ stands for New Zealand dollars. Required: Express all of the asset, liability, and sales data in trend percentages. (Show percentages for each item.) Use Year I as the base year and carry computations to one decimal place. Comment on the results of your analysis.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company’s current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year):
image
$NZ stands for New Zealand dollars.
Required:
- Express all of the asset, liability, and sales data in trend percentages. (Show percentages for each item.) Use Year I as the base year and carry computations to one decimal place.
- Comment on the results of your analysis.
Transcribed Image Text:Year 5
Year 4
Year 3
Year 2
Year 1
SNZ2,250,000 SNZ2, 160,000 SNZ2,070,000
SNZ 30,000 SNZ 40,000
SNZ1,980,000 SNZ1 800,000
65,000 SNZ 50,000
Sales.
Cash.
SNZ 48,000
SNZ
Accounts receivable,
570,000
510,000
405,000
345,000
300,000
net Inventory
750,000
720,000
690,000
660,000
600,000
Total current assets
SNZ1.350.000 SNZ1.270,000
SNZ1,143,000
SNZ1,070,000
SNZ 950,000
Current liabilities
SNZ 640.000 SNZ 580,000
SNZ 520,000
SNZ 440,000
SNZ 400,000
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