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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: Year 1 Year 2 Year 3 Year 4 Year 5 Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Required: $ 4,625,380 $ 4,876,650 $ 5,063,250 $ 5,528,470 $ 5,782,070 $ 91,882 416,048 801,221 $ 89,143 423,760 881,479 $ 89,143 447,998 818,774 $ 88,406 501,012 889,276 $ 67,299 561,957 901,535 $ 1,309,151 $ 1,394,382 $ 1,355,915 $1,478,694 $ 1,530,791 $ 307,827 $ 342,412 $ 334,108 $ 333,580 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). $ 396,441 Sales Year 1 Year 2 Year 3 Year 4 Year 5 % % % % % 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: Year 1 Year 2 Year 3 Year 4 Year 5 Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Required: $ 4,625,380 $ 4,876,650 $ 5,063,250 $ 5,528,470 $ 5,782,070 $ 91,882 416,048 801,221 $ 89,143 423,760 881,479 $ 89,143 447,998 818,774 $ 88,406 501,012 889,276 $ 67,299 561,957 901,535 $ 1,309,151 $ 1,394,382 $ 1,355,915 $1,478,694 $ 1,530,791 $ 307,827 $ 342,412 $ 334,108 $ 333,580 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). $ 396,441 Sales Year 1 Year 2 Year 3 Year 4 Year 5 % % % % % Current assets: Cash % % % % % Accounts receivable, net % % % % % Inventory % % % % % Total current assets % % % % % Current liabilities % % % % %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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: Year 1 Year 2 Year 3 Year 4 Year 5 Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Required: $ 4,625,380 $ 4,876,650 $ 5,063,250 $ 5,528,470 $ 5,782,070 $ 91,882 416,048 801,221 $ 89,143 423,760 881,479 $ 89,143 447,998 818,774 $ 88,406 501,012 889,276 $ 67,299 561,957 901,535 $ 1,309,151 $ 1,394,382 $ 1,355,915 $1,478,694 $ 1,530,791 $ 307,827 $ 342,412 $ 334,108 $ 333,580 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). $ 396,441 Sales Year 1 Year 2 Year 3 Year 4 Year 5 % % % % % Current assets: Cash % % % % % Accounts receivable, net % % % % % Inventory % % % % % Total current assets % % % % % Current liabilities % % % % %
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: Year 1 Year 2 Year 3 Year 4 Year 5 Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Required: $ 4,625,380 $ 4,876,650 $ 5,063,250 $ 5,528,470 $ 5,782,070 $ 91,882 416,048 801,221 $ 89,143 423,760 881,479 $ 89,143 447,998 818,774 $ 88,406 501,012 889,276 $ 67,299 561,957 901,535 $ 1,309,151 $ 1,394,382 $ 1,355,915 $1,478,694 $ 1,530,791 $ 307,827 $ 342,412 $ 334,108 $ 333,580 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). $ 396,441 Sales Year 1 Year 2 Year 3 Year 4 Year 5 % % % % % Current assets: Cash % % % % % Accounts receivable, net % % % % % Inventory % % % % % Total current assets % % % % % Current liabilities % % % % %
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