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Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer 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 $ 4,568,400 $ 85,225 406,458 818,889 $ 1,310,572 $ 313,578 Year 2 $ 4,887,590 $ 100,002 433,190 865,777 $ 1,398,969 $ 338,143 Year 3 $ 5,076,340 $ 100,571 438,649 829,920 $ 1,369,140 $ 335,245 Year 4 $ 5,456,050 $ 73,608 508,466 881,416 $ 1,463,490 $ 325,813 Year 5 $ 5,643,230 $ 76,493 561,257 899,162 $ 1,536,912 $ 409,310 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 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, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer 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 $ 4,568,400 $ 85,225 406,458 818,889 $ 1,310,572 $ 313,578 Year 2 $ 4,887,590 $ 100,002 433,190 865,777 $ 1,398,969 $ 338,143 Year 3 $ 5,076,340 $ 100,571 438,649 829,920 $ 1,369,140 $ 335,245 Year 4 $ 5,456,050 $ 73,608 508,466 881,416 $ 1,463,490 $ 325,813 Year 5 $ 5,643,230 $ 76,493 561,257 899,162 $ 1,536,912 $ 409,310 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 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, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer 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 $ 4,568,400 $ 85,225 406,458 818,889 $ 1,310,572 $ 313,578 Year 2 $ 4,887,590 $ 100,002 433,190 865,777 $ 1,398,969 $ 338,143 Year 3 $ 5,076,340 $ 100,571 438,649 829,920 $ 1,369,140 $ 335,245 Year 4 $ 5,456,050 $ 73,608 508,466 881,416 $ 1,463,490 $ 325,813 Year 5 $ 5,643,230 $ 76,493 561,257 899,162 $ 1,536,912 $ 409,310 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 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, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer 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 $ 4,568,400 $ 85,225 406,458 818,889 $ 1,310,572 $ 313,578 Year 2 $ 4,887,590 $ 100,002 433,190 865,777 $ 1,398,969 $ 338,143 Year 3 $ 5,076,340 $ 100,571 438,649 829,920 $ 1,369,140 $ 335,245 Year 4 $ 5,456,050 $ 73,608 508,466 881,416 $ 1,463,490 $ 325,813 Year 5 $ 5,643,230 $ 76,493 561,257 899,162 $ 1,536,912 $ 409,310 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 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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