Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year): Year 1 Year 2 Year 3 Year 4 Year 5 Sales $4,682,600 $4,884,660 $5,106,720 $5,451,710 $5,765,430 95,524 $ 450,927 829,058 $ $ 405,630 801,004 98,365 $ 105,902 418,232 870,659 Cash $ Accounts receivable, net Inventory 90,754 506,204 895,857 79,825 564,037 910,173 Total current assets $1,304,999 $1,394,793 $1,375,509 $1,492,815 $1,554,035 Current liabilities $ 305,794 $ 345,671 $ 330,678 $ 333,996 $ 406,238 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 Inventory Total current assets Current liabilities
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year): Year 1 Year 2 Year 3 Year 4 Year 5 Sales $4,682,600 $4,884,660 $5,106,720 $5,451,710 $5,765,430 95,524 $ 450,927 829,058 $ $ 405,630 801,004 98,365 $ 105,902 418,232 870,659 Cash $ Accounts receivable, net Inventory 90,754 506,204 895,857 79,825 564,037 910,173 Total current assets $1,304,999 $1,394,793 $1,375,509 $1,492,815 $1,554,035 Current liabilities $ 305,794 $ 345,671 $ 330,678 $ 333,996 $ 406,238 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 Inventory Total current assets Current liabilities
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...
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