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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 $ 4,696,790 $ 92,069 407,482 801,972 $ 1,301,523 Year 2 $ 4,855,050 $91,352 424,164 867,704 $ 308,359 $ 1,383,220 $338,934 Year 3 $ 5,028,400 $ 96,587 444,455 834,406 $ 1,375,448 $339,928 Year 4 $ 5,595,410 $ 82,614 509,918 896,502 $ 1,489,034 $333,700 Year 5 $ 5,627,100 $ 80,979 578,317 911,445 $ 1,570,741 404,997 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 (i.e., 0.1234 should be entered as 12.3).) Sales Year 1 Year 2 Year 3 Year 4 Year 5 % % % % % Current assets: Cash % % % % % Accounts receivable, net % % % % % Inventory % 16 % % % Total current assets: % % % % % Current liabilities % % % % %
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