Exercise 14-7 (Algo) Trend Percentages [LO14-1] 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 Year 1 $4,527,398 $83,250 412,866 818,166 $ 1,314,282 $ 303,132 Year 2 $ 4,807,280 $ 93,978 420,303 876,790 $ 1,391,071 $ 332,069 Year 3 $ 5,142,948 $ 94,093 450,587 817,698 $ 1,362,378 $ 342,291 Year 4 $ 5,596,280 $ 80,627 515,215 887,668 $ 1,483,510 $ 323,721 Year 5 $ 5,742,820 $ 69,051 579,932 948,612 $1,557,595 $ 395,781 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 (ie, 0.1234 should be entered as 12.3))
Exercise 14-7 (Algo) Trend Percentages [LO14-1] 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 Year 1 $4,527,398 $83,250 412,866 818,166 $ 1,314,282 $ 303,132 Year 2 $ 4,807,280 $ 93,978 420,303 876,790 $ 1,391,071 $ 332,069 Year 3 $ 5,142,948 $ 94,093 450,587 817,698 $ 1,362,378 $ 342,291 Year 4 $ 5,596,280 $ 80,627 515,215 887,668 $ 1,483,510 $ 323,721 Year 5 $ 5,742,820 $ 69,051 579,932 948,612 $1,557,595 $ 395,781 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 (ie, 0.1234 should be entered as 12.3))
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management
analysis
Section: Chapter Questions
Problem 1MAD
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