FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Dineshbhaiarrow_forwardRotorua 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 Sales Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 100.0 Year 1 $ 4,513,330 $ 86,858 414,137 805,814 $ 1,306,809 100.0 100.0 100.0 100.0 100.0 % 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). % % Year 2 $ 4,867,400 $ 97,107 423,798 880,974 $ 1,401,879 $ 318,689 $ 335,942 % % % X Answer is not complete. Year 2 Year 3 $ 5,101,490 $ 88,212 447,360 824,047 $ 1,359,619 $ 324,994 % % % % % % Year 3 % % % % Year 5 Year 4 $5,485,330 $ 5,648,040 % % $ 91,910 507,318 894,402 $…arrow_forwardThe following revenue data were taken from the December 31, 2017, Coca-Cola annual report (10-K): 2017 (in millions) Europe,Middle East,Africa LatinAmerica NorthAmerica AsiaPacific BottleInvestments Outside sales $7,332 $3,956 $8,651 $4,767 $10,524 Intersegment sales 42 73 1,986 409 81 Total sales $7,374 $4,029 $10,637 $5,176 $10,605 2016 (in millions) Europe,Middle East,Africa LatinAmerica NorthAmerica AsiaPacific BottleInvestments Outside sales $7,014 $3,746 $6,437 $4,788 $19,751 Intersegment sales 264 73 3,773 506 134 Total sales $7,278 $3,819 $10,210 $5,294 $19,885 For each segment and each year, calculate intersegment sales (another name for transfer sales) as a percentage of total sales. Round your answers to one decimal place. Intersegment Sales as a % of Total Sales Europe,Middle East,Africa LatinAmerica NorthAmerica AsiaPacific BottleInvestments 2017 ? ? ? ? ?…arrow_forward
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