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: Inventory Sales Cash Accounts receivable, net Total current assets Current liabilities Required: Year 1 $ 4,584,780 $ 96,217 405,065 816,307 Year 2 $ 4,734,790 $ 97,781 416,266 878,530 $ 1,317,589 $ 1,392,577 $ 312,675 $ 338,857 Year 3 $ 5,068,350 $ 103,617 432,620 825,467 $ 1,361,704 $ 341,547 Year 4 $ 5,466,650 $ 76,383 502,899 896,530 $ 1,475,812 $ 331,283 Year 5 $ 5,747,190 $ 74,021 563,000 904,817 $ 1,541,838 $ 392,945 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, net % % % % % Inventory % % % % % Total current assets % % % % % Current liabilities % % % % %
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: Inventory Sales Cash Accounts receivable, net Total current assets Current liabilities Required: Year 1 $ 4,584,780 $ 96,217 405,065 816,307 Year 2 $ 4,734,790 $ 97,781 416,266 878,530 $ 1,317,589 $ 1,392,577 $ 312,675 $ 338,857 Year 3 $ 5,068,350 $ 103,617 432,620 825,467 $ 1,361,704 $ 341,547 Year 4 $ 5,466,650 $ 76,383 502,899 896,530 $ 1,475,812 $ 331,283 Year 5 $ 5,747,190 $ 74,021 563,000 904,817 $ 1,541,838 $ 392,945 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, net % % % % % Inventory % % % % % Total current assets % % % % % Current liabilities % % % % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Tushar
Transcribed Image Text: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:
Inventory
Sales
Cash
Accounts receivable, net
Total current assets
Current liabilities
Required:
Year 1
$ 4,584,780
$ 96,217
405,065
816,307
Year 2
$ 4,734,790
$ 97,781
416,266
878,530
$ 1,317,589
$ 1,392,577
$ 312,675
$ 338,857
Year 3
$ 5,068,350
$ 103,617
432,620
825,467
$ 1,361,704
$ 341,547
Year 4
$ 5,466,650
$ 76,383
502,899
896,530
$ 1,475,812
$ 331,283
Year 5
$ 5,747,190
$ 74,021
563,000
904,817
$ 1,541,838
$ 392,945
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, net
%
%
%
%
%
Inventory
%
%
%
%
%
Total current assets
%
%
%
%
%
Current liabilities
%
%
%
%
%
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