Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys
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Question:
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 | $ 4,615,850 | $ 4,762,660 | $ 5,121,380 | $ 5,581,650 | $ 5,809,480 |
Cash | $ 85,455 | $ 104,633 | $ 96,901 | $ 83,994 | $ 75,918 |
Accounts receivable, net | 409,824 | 429,996 | 433,013 | 502,999 | 572,529 |
Inventory | 801,709 | 871,939 | 818,030 | 883,334 | 903,728 |
Total current assets | $ 1,296,988 | $ 1,406,568 | $ 1,347,944 | $ 1,470,327 | $ 1,552,175 |
Current liabilities | $ 307,730 | $ 345,095 | $ 337,981 | $ 319,747 | $ 393,373 |
Required:
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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Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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