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: Year 2. Year Year 5 Year 4 $5,426,160 Sales $ 5,678,400 Cash Year 1 $4,517,760 $84,222 404,401 813,759 $ 4,913,430 $ 107,166 418,831 872,823 $1,398,820 $ 345,031 $ 5,109,920 $ 96,378 433,712 823,556 Accounts receivable, net Inventory $ 80,729 510,535 897,844 $ 67,491 577,175 896,962 Total current assets $ 1,353,646 $ 1,541,628 $ 1,302,382 $ 314,605 $ 1,489,108 $334,022 Current liabilities $ 394,277 Required: 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).) Year 1 Year 2 Year 3 Year 4 Year 5 Sales Current assets Cash Accounts receivable, net Inventory Total current assets Current liabilites % % % % % % % % % % % % % % % % % % % % % % %

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
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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:
Year 1
Year 2.
Year 3
$ 5,109,920
Year 4
$5,426,160
Sales
Cash
$ 4,913,430
$ 107,166
418,831
872,823
$ 4,517,760
$ 84,222
404,401
613,759
$ 1,302,382
$314,605
Accounts receivable, net
$ 96,378
433,712
823,556
Year 5
$ 5,678,400
$67,491
577,175
896,962
$ 80,729
510,535
897,844
Inventory
Total current assets
$ 1,541,628
$ 1,398,820
$ 345,031
$ 1,353,646
$ 329,686
$1,489,108
$ 334,022
current liabilities:
$ 394,277
Required:
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).)
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
%
Current assets
Cash
Accounts receivable, not
Inventory
Total current assets
Current liabilities
%
%
%
%
%
%
%
%
%
%
%
1%
%
%
%
%
1%
%
%
%
%
%
%
%
%
%
%
%
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: Year 1 Year 2. Year 3 $ 5,109,920 Year 4 $5,426,160 Sales Cash $ 4,913,430 $ 107,166 418,831 872,823 $ 4,517,760 $ 84,222 404,401 613,759 $ 1,302,382 $314,605 Accounts receivable, net $ 96,378 433,712 823,556 Year 5 $ 5,678,400 $67,491 577,175 896,962 $ 80,729 510,535 897,844 Inventory Total current assets $ 1,541,628 $ 1,398,820 $ 345,031 $ 1,353,646 $ 329,686 $1,489,108 $ 334,022 current liabilities: $ 394,277 Required: 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).) Year 1 Year 2 Year 3 Year 4 Year 5 Sales % Current assets Cash Accounts receivable, not Inventory Total current assets Current liabilities % % % % % % % % % % % 1% % % % % 1% % % % % % % % % % % %
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