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 Year 2 $ 4,654,890 $4,785,720 $ 98,625 412,539 812,564 $ 1,323,728 $ 300,175 Year 1 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 $ 91,603 $ 103,392 423,536 439,311 876,894 817,070 $ 1,392,033 $ 1,359,773 $ 339,515 $333,288 % Year 3 Year 4 Year 5 $ 4,989,130 $ 5,597,560 $5,808,960 % % % % % Year 3 % % % % % % $ 74,976 $ 73,360 501,957 565,209 891,063 915,552 $ 1,467,996 $ 1,554,121 $ 328,594 $ 409,089 Year 4 % % % % % % Year 5 % % % % % %
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 Year 2 $ 4,654,890 $4,785,720 $ 98,625 412,539 812,564 $ 1,323,728 $ 300,175 Year 1 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 $ 91,603 $ 103,392 423,536 439,311 876,894 817,070 $ 1,392,033 $ 1,359,773 $ 339,515 $333,288 % Year 3 Year 4 Year 5 $ 4,989,130 $ 5,597,560 $5,808,960 % % % % % Year 3 % % % % % % $ 74,976 $ 73,360 501,957 565,209 891,063 915,552 $ 1,467,996 $ 1,554,121 $ 328,594 $ 409,089 Year 4 % % % % % % Year 5 % % % % % %
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 12P
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