Exercise 14-7 (Algo) Trend Percentages [LO14-1] Rotorua Products, Limited, of New Zealand markets agricultural products for...
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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 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 $ 4,507,310 $88,761 412,154 800,785 $ 1,301,700 $313,151 Year 2 $4,793,430 $93,937 434,587 867,540 $ 1,396,064 $348,631 $5,425,230 Year $5,124,430 $95,963 442,022 828,683 $1,366,667 Year 4 $ 80,446 Year 5 $ 5,740,400 $67.218 567,421 910,775 $124,299 506,279 885,007 $1,479,732 $ 326,910 $1,545,416 $192,327 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).) 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 $ 4,507,310 $88,761 412,154 800,785 $ 1,301,700 $313,151 Year 2 $4,793,430 $93,937 434,587 867,540 $ 1,396,064 $348,631 $5,425,230 Year $5,124,430 $95,963 442,022 828,683 $1,366,667 Year 4 $ 80,446 Year 5 $ 5,740,400 $67.218 567,421 910,775 $124,299 506,279 885,007 $1,479,732 $ 326,910 $1,545,416 $192,327 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).)
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