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: Year 1 Year 2 Year 3 Year 4 Year 5 Sales $ 4,632,090 $ 4,889,470 $ 4,994,970 $ 5,440,450 $ 5,736,120 Cash $ 83,883 $ 107,036 $ 94,610 $ 88,260 $ 66,503 Accounts receivable, net 416,977 435,170 442,184 501,060 565,287 Inventory 805,509 868,062 819,753 892,341 915,826 Total current assets $ 1,306,369 $ 1,410,268 $ 1,356,547 $ 1,481,661 $ 1,547,616 Current liabilities $ 303,521 $ 335,136 $ 338,848 $ 335,371 $ 392,801 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).)

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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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: Year 1 Year 2 Year 3 Year 4 Year 5 Sales $ 4,632,090 $ 4,889,470 $ 4,994,970 $ 5,440,450 $ 5,736,120 Cash $ 83,883 $ 107,036 $ 94,610 $ 88,260 $ 66,503 Accounts receivable, net 416,977 435,170 442,184 501,060 565,287 Inventory 805,509 868,062 819,753 892,341 915,826 Total current assets $ 1,306,369 $ 1,410,268 $ 1,356,547 $ 1,481,661 $ 1,547,616 Current liabilities $ 303,521 $ 335,136 $ 338,848 $ 335,371 $ 392,801 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).)
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