Rotorua Products sells agricultural products in the burgeoning Asian 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: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Required: Year 1 $ 4,629,620 $ 80,447 402,403 803,577 $ 1,286,427 $ 305,495 $ 4,793,830 Year 2 Year 3 $ 4,972,380 $ 85,647 442,809 825,057 $ 92,170 431,994 875,759 $ 1,399,923 $ 339,992 $ 1,353,513 $340,628 Year 4 $ 5,562,950 $ 87,826 501,866 897,460 $ 1,487,152 $ 326,755 Year 5 $ 5,682,650 $ 75,217 578,132 910,139 $ 1,563,488 $ 394,548 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. Note: 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 % % % % %
Rotorua Products sells agricultural products in the burgeoning Asian 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: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Required: Year 1 $ 4,629,620 $ 80,447 402,403 803,577 $ 1,286,427 $ 305,495 $ 4,793,830 Year 2 Year 3 $ 4,972,380 $ 85,647 442,809 825,057 $ 92,170 431,994 875,759 $ 1,399,923 $ 339,992 $ 1,353,513 $340,628 Year 4 $ 5,562,950 $ 87,826 501,866 897,460 $ 1,487,152 $ 326,755 Year 5 $ 5,682,650 $ 75,217 578,132 910,139 $ 1,563,488 $ 394,548 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. Note: 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 % % % % %
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 3MAD: Deere Company (DE) manufactures and distributes farm and construction machinery that it sells...
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not use ai please don't

Transcribed Image Text:Rotorua Products sells agricultural products in the burgeoning Asian 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:
Sales
Cash
Accounts receivable, net
Inventory
Total current assets
Current liabilities
Required:
Year 1
$ 4,629,620
$ 80,447
402,403
803,577
$ 1,286,427
$ 305,495
$ 4,793,830
Year 2
Year 3
$ 4,972,380
$ 85,647
442,809
825,057
$ 92,170
431,994
875,759
$ 1,399,923
$ 339,992
$ 1,353,513
$340,628
Year 4
$ 5,562,950
$ 87,826
501,866
897,460
$ 1,487,152
$ 326,755
Year 5
$ 5,682,650
$ 75,217
578,132
910,139
$ 1,563,488
$ 394,548
1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year.
Note: 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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