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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 $ 4,521,520 $ 96,937 402,204 802, 345 $ 1,301,486 $302,591 Year 21 $ 4,809,930 $ 102,668 423,537 870,787 $ 1,396,992 $334,482 Year 3 $ 5,011,350 $ 100,186 442,663 827,847 $ 1,370,696 $ 328,326 Year 4 $ 5,445,280 $83,570 Year $ 5,79 $7 512,610 57 90 $1,55 $329,322 $ 39 893,434 $1,489,614 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).) Year 1 Year 2 Year 3 Year 4 Year 5 Sales % % % % % Current assets Cash % % % % 96 Accounts receivable, net % % % % % Inventory % % % % % ac Total murent accote Prev 1 of 5 Next >
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