Rotorua Products sells agricultural products in the burgeoning Asian market. The company's current assets, current liabilities, and salesover the last five years (Year 5 is the most recent year) are as follows:SalesCashAccounts receivable, netInventoryTotal current assetsCurrent liabilitiesSalesCurrent assets:CashAccounts receivable, netInventoryTotal current assetsCurrent liabilitiesYear 11Year 2Year 3Year 4Year 5$4,545,400 $4,737,850 $ 5,126,380 $5,421,900 $5,776,190Year 1$ 88,854418,283800,380$ 1,307,517$ 313,578Required: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 2$ 88,845$ 77,057435,833587,279$ 90,380417,076876,061$1,383,517 $ 1,350,248 $ 1,466,414 $1,552,502$ 346,822 $ 336,685 $ 335,107 $ 390,612825,570882,078%%%%%%Year 3%%%%Year 4%%$ 80,928569,984901,590Year 5

The question requests the computation of trend percentages for sales, current assets, and current…

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 Year 11 Year 2 $4,545,400 $ 4,737,850 $ 88,854 418,283 800, 380 $ 90,380 417,076 876,061 $1,383,517 $ 1,307,517 $ 313,578 $ 346,822 Year 31 $5,126,380 Year 4 Year 5 $5,421,900 $5,776,190 $ 88,845 435,833 825,570 $ 77,057 587,279 882,078 $ 1,350,248 $ 1,466,414 $1,552,502 $ 336,685 $ 335,107 $ 390,612 $ 80,928 569,984 901,590 Required: 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).

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 Year 11 Year 2 $4,545,400 $ 4,737,850 $ 88,854 418,283 800, 380 $ 90,380 417,076 876,061 $1,383,517 $ 1,307,517 $ 313,578 $ 346,822 Year 31 $5,126,380 Year 4 Year 5 $5,421,900 $5,776,190 $ 88,845 435,833 825,570 $ 77,057 587,279 882,078 $ 1,350,248 $ 1,466,414 $1,552,502 $ 336,685 $ 335,107 $ 390,612 $ 80,928 569,984 901,590 Required: 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).

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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