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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 $ 4,632,890 $ 86,526 409,352 804,664 Year 2 $ 4,791,820 $ 102,640 427,853 883,907 $ 1,300,542 $ 1,414,400 $ 303,955 $ 347,411 Year 3 $ 5,131,770 $ 95,258 435,234 832,902 $ 1,363,394 $ 334,554 Year 4 $ 5,423,160 $ 89,452 496,233 893,705 $ 1,479,390 $ 327,794 Year 5 $ 5,798,490 $ 67,739 572,192 900,541 $ 1,540,472 $ 391,052 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 % % % % % Total current assets % % % % % Current liabilities % % % % %
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