Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The...
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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: Inventory Sales Cash Accounts receivable, net Total current assets Current liabilities Required: Year 1 $ 4,583,210 Year 2 $ 4,858,500 $ 88,520 428,546 875,590 $ 86,063 400,833 800,424 $ 1,287,320 $ 1,392,656 $ 300,511 $ 348,904 Year 3 $ 5,097,290 $ 88,318 439,128 817,816 $ 1,345,262 $ 335,263 Year 4 $ 5,579,350 $ 75,977 502,780 896,424 $ 1,475,181 $ 331,190 Year 5 $ 5,647,750 $ 73,173 572,174 901,448 $ 1,546,795 $ 393,576 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 $ 4,583,210 Year 2 $ 4,858,500 $ 88,520 428,546 875,590 $ 86,063 400,833 800,424 $ 1,287,320 $ 1,392,656 $ 300,511 $ 348,904 Year 3 $ 5,097,290 $ 88,318 439,128 817,816 $ 1,345,262 $ 335,263 Year 4 $ 5,579,350 $ 75,977 502,780 896,424 $ 1,475,181 $ 331,190 Year 5 $ 5,647,750 $ 73,173 572,174 901,448 $ 1,546,795 $ 393,576 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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