FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Oo.99.9

Subject :- Account 

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
Sales
Current assets:
Cash
Accounts receivable, net
Inventory
Total current assets
Current liabilities
Year 1
%
%
96
***
Required:
1. Express all of the asset, llability, 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).)
96
%
%6
Year 1
$ 4,586,510
$ 91,795
402,330
819,761
$ 1,313,886
$ 305,009
Year 2
%
*****
%
%
Year 2
$ 4,919,010
$ 101,313
417,185
868,933
$ 1,387,431
$ 344,140
Year 3
96
****
%6
96
%
%6
Year 3
$ 5,037,150
Year 4
$ 84,399
438,583.
830,805
$ 1,353,787
$ 325,667
96
%
L
96
96
%
96
Year 5
%6
Year 4
$ 5,484,960
%6
96
%6
96
$ 82,979
514,088
883,266
$ 1,480,333
$ 320,687
Year 5
$ 5,771,600
$ 66,607
575, 156
897,556
$ 1,539,319
$ 403,433
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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 Sales Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 % % 96 *** Required: 1. Express all of the asset, llability, 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).) 96 % %6 Year 1 $ 4,586,510 $ 91,795 402,330 819,761 $ 1,313,886 $ 305,009 Year 2 % ***** % % Year 2 $ 4,919,010 $ 101,313 417,185 868,933 $ 1,387,431 $ 344,140 Year 3 96 **** %6 96 % %6 Year 3 $ 5,037,150 Year 4 $ 84,399 438,583. 830,805 $ 1,353,787 $ 325,667 96 % L 96 96 % 96 Year 5 %6 Year 4 $ 5,484,960 %6 96 %6 96 $ 82,979 514,088 883,266 $ 1,480,333 $ 320,687 Year 5 $ 5,771,600 $ 66,607 575, 156 897,556 $ 1,539,319 $ 403,433
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