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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: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Sales Current assets: Cash Accounts receivable, net Inventory Total current assets Current abilities Year 1 % % % % % % Year 1 $ 4,574,120 $82,486 408,876 816,575 $ 1,307,937 $ 311,497 Year 2 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 2 $4,853,800 $ 104,878 435,573 875,257 $ 1,415,708 $ 331,035 Year 3 % % % % % % Year 3 $5,122,070 $ 86,103 436,218 817,033 $1,339,354 $ 342,623 Year 4 % % % % Year 5 % % Year 4 $ 5,468,670 $ 75,004 508,057 897,935 $1,480,996 $ 321,185 % % Year 5 $5,653,070 $ 74,227 579,948 908,062 $ 1,562,237 $ 405,512

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 abilities Year 1 % % % % % % Year 1 $ 4,574,120 $82,486 408,876 816,575 $ 1,307,937 $ 311,497 Year 2 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 2 $4,853,800 $ 104,878 435,573 875,257 $ 1,415,708 $ 331,035 Year 3 % % % % % % Year 3 $5,122,070 $ 86,103 436,218 817,033 $1,339,354 $ 342,623 Year 4 % % % % Year 5 % % Year 4 $ 5,468,670 $ 75,004 508,057 897,935 $1,480,996 $ 321,185 % % Year 5 $5,653,070 $ 74,227 579,948 908,062 $ 1,562,237 $ 405,512

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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ces 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 abilities Year 1 % Year 1 $ 4,574,120 $ 82,486 408,876 816,575 $1,307,937 $ 311,497 % % % % % 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 2 % % N % Year 2 $ 4,853,800 $104,678 435,573 875.257 $1,415,708 $ 331,835 Year 3 % % % % 1% Year 3 $5,122,070 $ 86,103 436,218 817.033 $1,339,354 $ 342,623 Year 4 % % % 1% % Year 5 Year 4 $ 5,468,670 % $75,004 508,057 897.935 $1,480,996 $ 321,185 Year 5 $5,653,070 $ 74,227 579,948 908.062 $ 1,562,237 5 405,512
Transcribed Image Text:ces 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 abilities Year 1 % Year 1 $ 4,574,120 $ 82,486 408,876 816,575 $1,307,937 $ 311,497 % % % % % 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 2 % % N % Year 2 $ 4,853,800 $104,678 435,573 875.257 $1,415,708 $ 331,835 Year 3 % % % % 1% Year 3 $5,122,070 $ 86,103 436,218 817.033 $1,339,354 $ 342,623 Year 4 % % % 1% % Year 5 Year 4 $ 5,468,670 % $75,004 508,057 897.935 $1,480,996 $ 321,185 Year 5 $5,653,070 $ 74,227 579,948 908.062 $ 1,562,237 5 405,512
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