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My numbers here are all wrong. Please help! Show me what I'm doing wrong. Thanks! Rotorua Products, Ltd. of New Zealand markets agricultural products for
My numbers here are all wrong. Please help! Show me what I'm doing wrong. Thanks!
Rotorua Products, Ltd. of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year Sales Year 1 $4,647 360 Year 2 $4,744,570 Year 3 $5,072 600 Year 4 $5,572,690 Year 5 $5,786,500 S $ Cash Accounts receivable, net Inventory 92.050 412 413 804,792 96,778 422,303 866,741 $ 88,271 S 81,620 449,098 502,660 819.854 884,271 S 66,971 573,156 913,574 Total current assets $1,309,255 $1,385,822 $1,357,223 $1,468,551 $1,553,701 Current liabilities $ 319,940 $ 338,684 $ 342.940 $ 320,085 $ 407,288 Required: 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 0.0 % Year 2 2.1% Year 3 70% Year 4 9.9% Year 5 3.8% Sales Current assets: Cash Accounts receivable 0.01 5.11 (88) (7.5) 11.91 (179) Inventory (5.4 Total current assets Current liabilities 001 591 13 (6.71 272Step by Step Solution
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