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Rotorun 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 S Tear 4 Year ) Year 2 Year 1 SNE 2,136,000. SN2 1,958,000 ENE 2,047,000 64,800 529,200 593,000 SNE 1,958,000 97,200 323,400 593,000 SNE 1,780,000 81,000 294,000 593,000 Salee 52,650 SNa 617,400 770,900 29,380 SNE Canh Accounts receivable, net Iaventory SNE SNE INE 411,600 593,000 SNE 1,00, 90 Total eurrent aeseta SNE 1,440,950 SNE 1,187,000 SNE 1,013,40e SNE 96, 000 Current 1iabilities INE 536,200 SNE $17,050 SNE 459,600 INE 383,000 383,000

Rotorun 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 S Tear 4 Year ) Year 2 Year 1 SNE 2,136,000. SN2 1,958,000 ENE 2,047,000 64,800 529,200 593,000 SNE 1,958,000 97,200 323,400 593,000 SNE 1,780,000 81,000 294,000 593,000 Salee 52,650 SNa 617,400 770,900 29,380 SNE Canh Accounts receivable, net Iaventory SNE SNE INE 411,600 593,000 SNE 1,00, 90 Total eurrent aeseta SNE 1,440,950 SNE 1,187,000 SNE 1,013,40e SNE 96, 000 Current 1iabilities INE 536,200 SNE $17,050 SNE 459,600 INE 383,000 383,000

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 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 yeors (year 5 is the most recent): Year SNI 2.047,000 79,380 411,600 593,000 Year 4 SNI 2,136,000. SN2 1,958,000 Year 5 Year 2 Year 1 SNE 1,780,000 B1,000 294,000 593, 000 Sales SNI 1,958,000 64,800 529,200 593,000 SN2 52,650 SNa 617,400 770,900 SNA SNE Canh Accounts receivable, net Inventory 97,200 $NE 323,400 593,000 Total current assets SNE 1,440,950 SNE 1,187,000 SNI 1,003,980 SNE 1,013, 600 SNE 968, 000 SNE 536, 200 $SNE $17,050 459, 600 383,000 SNE 383,000 SNE Current 1iabilities SNE *SNZ stands for New Zealand dollers, Required: 1. Express all of the asset, liability, and sales data in trend percentages. (Show percentages for each item) Use year 1 as the base year. (Round your answers to 1 decimal place.) Year 5 Year 4 Year 3 Year 2 Year 1 Sales Cash Accounts receivable Inventory Total current assets Current liabilities
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 have been reported as follows over the last five yeors (year 5 is the most recent): Year SNI 2.047,000 79,380 411,600 593,000 Year 4 SNI 2,136,000. SN2 1,958,000 Year 5 Year 2 Year 1 SNE 1,780,000 B1,000 294,000 593, 000 Sales SNI 1,958,000 64,800 529,200 593,000 SN2 52,650 SNa 617,400 770,900 SNA SNE Canh Accounts receivable, net Inventory 97,200 $NE 323,400 593,000 Total current assets SNE 1,440,950 SNE 1,187,000 SNI 1,003,980 SNE 1,013, 600 SNE 968, 000 SNE 536, 200 $SNE $17,050 459, 600 383,000 SNE 383,000 SNE Current 1iabilities SNE *SNZ stands for New Zealand dollers, Required: 1. Express all of the asset, liability, and sales data in trend percentages. (Show percentages for each item) Use year 1 as the base year. (Round your answers to 1 decimal place.) Year 5 Year 4 Year 3 Year 2 Year 1 Sales Cash Accounts receivable Inventory Total current assets Current liabilities
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