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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 $ 4,657,580 $88,819 409,644 807,852 $ 1,306,315 $ 300,018 Year 2 $ 4,775,880 $94,157 430,736 882,233 $ 1,407,126 $ 342,352 Year 3 $ 5,138,130 $ 93,474 435,664 832,801 $ 1,361,939 $325,322 Year 4 $ 5,536,860 $ 76,562 508,582 893,380 $ 1,478,524 $318,094 Year 5 $ 5,775,200 $ 67,434 561,496 896,430 $ 1,525,360 $405,427 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 % % % % % Current assets: Cash % % % % % Accounts receivable, net % % % % % Inventory % % % % % Total current assets % % % % % Current liabilities % % % % %
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