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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 $ 4,530,840 $ 85,645 417,867 815,008 $ 1,318,520 $ 304,257 Year 2 $4,881,880 $ 96,395 429,177 879,778 $ 1,405,350 $ 342,509 Year 3 $ 5,089,540 $ 98,844 451,399 819,161 $ 1,369,4041 Year 4 $ 5,461,890 $ 75,656 510,090 882,144 $1,467,890 $ 338,132 $ 323,935 Year 5 $ 5,625,310 $ 81,6811 575,909 909,409 $ 1,566,999 5 403,191 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 (l.e., 0.1234 should be entered as 12.3).) Sales Year 1 Year 2 Year 3 Year 4 Year 5 100.0 % % % % % Current assets: Cash 100.0 % % % % Accounts receivable, net 100.0 % % % % % Inventory 100.0 % % % % % Total current assets 100.0 % % % % % Current liabilities 100.0 % % % % %
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