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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: Inventory Sales Cash Accounts receivable, net Total current assets Current liabilities Required: Year 1 $ 4,610,450 $ 87,985 418,587 815,626 Year 2 $ 4,873,810 $ 100,107 424,249 880,240 Year 3 $ 4,993,990 $ 87,550 448,311 831,948 $ 1,322,198 $ 1,404,596 $ 1,367,809 $ 310,072 $ 342,863 $ 325,169 Year 4 $ 5,490,330 $ 84,182 498,055 899,248 $ 1,481,485 $ 328,967 Year 5 $ 5,667,840 $ 78,909 562,955 910,521 $ 1,552,385 $ 391,228 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).)

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: Inventory Sales Cash Accounts receivable, net Total current assets Current liabilities Required: Year 1 $ 4,610,450 $ 87,985 418,587 815,626 Year 2 $ 4,873,810 $ 100,107 424,249 880,240 Year 3 $ 4,993,990 $ 87,550 448,311 831,948 $ 1,322,198 $ 1,404,596 $ 1,367,809 $ 310,072 $ 342,863 $ 325,169 Year 4 $ 5,490,330 $ 84,182 498,055 899,248 $ 1,481,485 $ 328,967 Year 5 $ 5,667,840 $ 78,909 562,955 910,521 $ 1,552,385 $ 391,228 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).)

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: Inventory Sales Cash Accounts receivable, net Total current assets Current liabilities Required: Year 1 $ 4,610,450 $ 87,985 418,587 815,626 $ 1,322,198 $ 310,072 Year 2 $ 4,873,810 $ 100,107 424,249 880,240 Year 3 $ 4,993,990 $ 87,550 448,311 831,948 $ 1,367,809 $ 342,863 $ 325,169 $ 1,404,596 Year 4 $ 5,490,330 $ 84,182 498,055 899,248 $ 1,481,485 Year 5 $ 5,667,840 $ 78,909 562,955 910,521 $ 1,552,385 $ 328,967 $ 391,228 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 % % 900 % % % 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: Inventory Sales Cash Accounts receivable, net Total current assets Current liabilities Required: Year 1 $ 4,610,450 $ 87,985 418,587 815,626 $ 1,322,198 $ 310,072 Year 2 $ 4,873,810 $ 100,107 424,249 880,240 Year 3 $ 4,993,990 $ 87,550 448,311 831,948 $ 1,367,809 $ 342,863 $ 325,169 $ 1,404,596 Year 4 $ 5,490,330 $ 84,182 498,055 899,248 $ 1,481,485 Year 5 $ 5,667,840 $ 78,909 562,955 910,521 $ 1,552,385 $ 328,967 $ 391,228 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 % % 900 % % % Current assets: Cash % % % % % Accounts receivable, net % % % % % Inventory % % % % % Total current assets % % % % % Current liabilities % % % % %
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