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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 11 $ 4,620,430 $87,8083 408,147 806,318 $106,959 430,274 872,927 502,816 896,507 $ 1,472,896 $ 321,974 Year 5 $ 5,823,510 $ 70,907 568,970 901,045 $ 1,540,922 $ 404,644 Year 21 $ 4,770,800 Year 3 $ 5,031,440 $103,661 438,369 823,654 Year 4 $ 5,455,380 $ 73,573 $ 1,302,273 $308,118 $ 1,410,160 $349,761 $ 1,365,684 $336,140 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).) Sales Year 1 Year 2 Year 3 Year 4 Year 5 % % %6 % % Current assets: Cash % % %6 1% % Accounts receivable, net % % % % % Inventory % % % % % Total current assets % % 96 % % Current liabilities % % % % %
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