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 % % % % % % % % % % % % % % % % % % % % % % %
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
Section: Chapter Questions
Problem 3MAD: Deere Company (DE) manufactures and distributes farm and construction machinery that it sells...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub