Question
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 $ 4,664,170 $ 91,643 401,662 819,560 Year 2 $ 4,768,350 $ 95,350 422,546 883,212 $ 1,312,865 $ 316,136 $ 1,401,108 $335,014 Year 3 $ 5,122,660 $ 87,879 451,422 832,820 $ 1,372,121 $ 341,675 Year 4 $ 5,572,450 $ 74,066 498,608 898,205 $ 1,470,879 $ 323,135 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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