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Exercise 14-7 (Algo) Trend Percentages [LO14-1] Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current
Exercise 14-7 (Algo) Trend Percentages [LO14-1] 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 assets Current Liabilities Required: Year 1 $4,514,160 $ 81,547 400,487 805,609 $1,287,643 $ 318,959 Year 2 $ 4,823,380 $ 96,807 419,570 883,978 $1,400,355 $348,829 Year 31 $ 5,055,110 $ 89,508 444,389 824,514 $ 1,358,411 $ 333,943 Year 4 $ 5,401,030 $ 89,117 496,765 887,658 $ 1,473,540 $ 332,541 Year 5 $ 5,739,070 $ 77,341 563,329 899,345 $ 1,540,015 $ 396,037 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 (ie., 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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