Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Rotorua Products, Ltd., 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 $1,800,000 $ 50,000 Year 2 $1,980,000 $ 65,000 $ 48,000 $ Year 3 $2,070,000 Sales Cash Year 4 $2,160,000 Year 5 $2,250,000 S 30,000 40,000 Accounts receivable, net 510,000 300,000 600,000 345,000 660,000 405,000 690,000 570,000 750,000 Inventory 720,000 $ 950,000 $1,070,000 $1,143,000 $1,270,000 $1,350,000 Total current askets W Current liabilities $ 400,000 $ 440,000 $ 520,000 $ 580,000 $ 640,000 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 (l.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 % **** % % % % % 96 % % % * * % %6 % % % %6 %6 % 96 ***** % % Rotorua Products, Ltd., 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 $1,800,000 $ 50,000 Year 2 $1,980,000 $ 65,000 $ 48,000 $ Year 3 $2,070,000 Sales Cash Year 4 $2,160,000 Year 5 $2,250,000 S 30,000 40,000 Accounts receivable, net 510,000 300,000 600,000 345,000 660,000 405,000 690,000 570,000 750,000 Inventory 720,000 $ 950,000 $1,070,000 $1,143,000 $1,270,000 $1,350,000 Total current askets W Current liabilities $ 400,000 $ 440,000 $ 520,000 $ 580,000 $ 640,000 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 (l.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 % **** % % % % % 96 % % % * * % %6 % % % %6 %6 % 96 ***** % %
Expert Answer:
Answer rating: 100% (QA)
Over the last five years companys current assets current liabilities and sales ha... 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:
Students also viewed these accounting questions
-
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys current assets, current liabilities, and sales have been reported as...
-
Current Assets 2000 2001 Cash 200 1 000 Accounts receivable 1 600 1 000 Inventory 2 200 2 600 TOTAL CURRENT ASSETS 4 000 4 600 Gross Fixed Assets 12 000 12 400 Less Accum Depreciation 6 000
-
A few months after joining university, YOU got a casual job as a finance trainee in a financial firm via Work Integrated Learning which is part of your bachelors degree at Deakin University. You...
-
A 35 ft3 rigid tank has air at 225 psia and ambient 600 R connected by a valve to a piston cylinder. The piston of area 1 ft2 requires 40 psia below it to float, Fig. P3.99. The valve is opened and...
-
Wempe Co. sold $3,000,000, 8%, 10-year bonds on January 1, 2014. The bonds were dated January 1, 2014, and pay interest on January 1. The company uses straight-line amortization on bond premiums and...
-
How much FDI does the EU and Japan have in the United States? What conclusions can you reach based on these data?
-
Direct deposit both reduces the costs of and improves control over payroll dis tribution. Does this mean that companies should require all their employees to be paid by direct deposit? Why or why not?
-
Norton Company produces two products (Juno and Hera) that use the same material input. Juno uses two pounds of the material for every unit produced, and Hera uses five pounds. Currently, Norton has...
-
When monitoring the project schedule, which task is performed by the project team member? Considers resource realignment if tasks are off - track Compares actual time to complete a task to original...
-
need help filling out the tables in requirements 1 and 2 Lucia Company has set the following stendard cost per unit for direct materials and direct labor Direct naterials (15 pounds @ $5 per pound)...
-
A car rental package costs $70/wk., with an additional charge of $0.15/mi beyond 200 mi. The cost formula would be C=$70+0.15(x-200). If you have to keep your bill lower than $125, what is the...
-
The salespeople at Buffalo, a notebook manufacturer, commonly pressured operations managers to keep costs down so the company could give bigger discounts to large customers. John, the operations...
-
Poiju Limited expects the following cash collections and payments for the first three months of 2021: January February March Cash collections ($) 413,000 338,000 335,000 Cash disbursements ($)...
-
A hammer thrower accelerates the hammer (mass = 7.10 kg) from rest within four full turns (revolutions) and releases it at a speed of 28.0 m/s Assuming a uniform rate of increase in angular velocity...
-
18. Which of the following diseases is transmitted via aerosols? a. Psittacosis b. Shigellosis c. Leptospirosis d. Giardiasis 19. Which of the following organisms is used in the production of cheese?...
-
A 5 5 . 0 - g object connected to a spring with a force constant of 4 5 . 0 N/m oscillates with an amplitude of 7 . 0 0 cm on a frictionless horizontal surface. (a) Find the total energy of the...
-
Discuss the use of different Information Systems to support management at various levels. Also discuss the role and importance of Enterprise Applications to managing large organizations. do fast and...
-
1. What is the semi-annually compounded interest rate if $200 accumulates to $318.77 in eight years? Answer in percentage with two decimal places. 2. What is the quarterly compounded interest rate if...
-
The president of a plastics company was quoted in a business journal as stating, We havent had a dollar of interest-paying debt in over 10 years. Not many companies can say that As a stockholder in...
-
As a practical matter, planning and control mean exactly the same thing. Do you agree? Explain.
-
Henries Drapery Service is investigating the purchase of a new machine for cleaning and blocking drapes. The machine would cost $130,400, including freight and installation. Henries has estimated...
-
What is allocative efficiency?
-
Describe and explain the concept of diminishing marginal product.
-
Which of the following is true? a. In constant-cost industries, the cost curves of the firm are not affected by changes in the output of the entire industry. b. In an increasing-cost industry, the...
Study smarter with the SolutionInn App