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: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Required: Year 1 $ 4,536,370 $ 99,088 417,727 813,484 $ 1,330,299 $ 319,203 Year 2 $ 4,832,050 $ 101,970 431,637 879,460 $ 1,413,067 $ 332,813 Year 3 $ 5,080,380 $ 96,519 449,307 823,259 $ 1,369,085 $ 343,904 Year 4 $ 5,417,420 $ 86,377 510,950 896,733 $ 1,494,060 $ 327,421 Year 5 $ 5,680,090 $ 65,971 564,528 914,851 $ 1,545,350 $ 400,572 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 (l.e., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Year 5 % % 96 % 96 Sales Current assets: Cash % % 96 % 96 Accounts receivable, net % % 96 96 96 Inventory % % 96 96 96 Total current assets % %6 96 96 96 Current liabilities %6 96 96 96 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 Required: Year 1 $ 4,536,370 $ 99,088 417,727 813,484 $ 1,330,299 $ 319,203 Year 2 $ 4,832,050 $ 101,970 431,637 879,460 $ 1,413,067 $ 332,813 Year 3 $ 5,080,380 $ 96,519 449,307 823,259 $ 1,369,085 $ 343,904 Year 4 $ 5,417,420 $ 86,377 510,950 896,733 $ 1,494,060 $ 327,421 Year 5 $ 5,680,090 $ 65,971 564,528 914,851 $ 1,545,350 $ 400,572 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 (l.e., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Year 5 % % 96 % 96 Sales Current assets: Cash % % 96 % 96 Accounts receivable, net % % 96 96 96 Inventory % % 96 96 96 Total current assets % %6 96 96 96 Current liabilities %6 96 96 96
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To calculate the trend percentages for each asset liability and sales data we will use Year 1 as the ... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
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