Exercise 14-7 (Algo) Trend Percentages (L014-1] 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 au Current liabilities Year $ 4,615,050 $ 96,463 416,496 813,02 $ 1,326,012 $315,996 Year 2 $4,852,500 395,012 434, 872040 $1,407,460 $ 234,010 Year 3 $5,043,810 $ 99,832 445,73 630322 $1,376,113 31341,692 Year 4 $ 5,503, SO 5. 82.911 500, 751 eas,135 5 1,468,797 327,181 Years $ 5,638.670 581,353 564, 410 915.209 $ 1,560,872 $400,970 Required: 1. Express all of the asset. liability, and sales data in trend percentages. Use Year 1 as the base yoat (Round your percentage answers to 1 decimal place (.e., 0.1234 should be entered as 12,3).) Year 2 Year Year 4 Year 5 Year 1 100.0% 9 Sales Current assets Cash Accounts receivable.net Inventory Total current assets Current liabi % % 1000 100.0 % 100.0% 100.0 1000 % % % % % The Foundational 15 (Algo) (L014-2, L014-3, LC14-4, L014-5, L014-6) [The following information applies to the questions displayed below.) Markus Company's common stock sold for $6.00 per share at the end of this year. The company paid a common stock dividend of $0.96 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock. $1 par value Total stockholders' equity Total liabilities and stockholders' equity Ending Balance $ 54,000 $ 102,000 $82,000 $ 238,000 $ 900,000 $ 93,000 $ 220,000 $ 178,000 $ 680,000 $ 900,000 Beginning Balance $ 48,200 $ 73, 700 $ 102,000 $ 223,900 $ 998,000 $ 103,500 $ 199,000 $ 178,000 $ 800,000 $ 998,000 Sales (all on account) Coat of goods sold Gross margin Net operating income Interest expense Net income This Year $1,210,000 $ 701,800 $ 508,200 $ 378,000 $ 18,000 $ 252,000 Foundational 14-1 (Algo) Required: 1. What is the earnings per share? (Rotind your answer to 2 decimal places) Earnings por share Markus companys common stock SOIG Tor 36.00 per snare at the end of this year. ine company paid a common stock dividend of $0.96 per share this year. It also provided the following data excerpts from this year's financial statements: Canh Accounts receivable Inventory Current sets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders' equity Inding Balance $ 54,000 $ 102,000 $ 12,000 $ 238,000 $ 900,000 $ 9,000 $ 220,000 $ 178,000 $ 680,000 $ 900,000 Beginning Balance $ 48,200 $ 73,700 $ 102,000 $ 223,900 $.998,000 $ 103,500 $ 190,000 $ 178,000 $ 800,000 $ 998.000 Sales (all on account) Cost of goods sold Gross margin Not operating income Interest expense Net income This Year $ 1,210,000 $ 701.800 $ 508,200 $ 370,000 5 18.000 $ 252,000 Foundational 14.4 (Algo) 4. What is the return on total assets (assuming a 30% tax rate)? (Round percentage answer to 1 decimal place. i.e., 0.123 should be considered as 12.3%) % Return on total assets
