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please help thank you. Exercise 14-7 (Algo) Trend Percentages [LO14-1] Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market.
please help thank you.
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: Year 5 $ 5,700,180 Sales Cash Accounts receivable, net Inventory Total current assets Year 1 $ 4,637,950 $ 98,656 400,019 814,268 $ 1,312,943 Year 2 $ 4,775,760 $ 91,871 421,958 870,328 $ 1,384,157 Year 3 $ 5,110,410 $ 102,007 436,728 824,918 $ 1,363,653 Year 4 $ 5,542,960 $ 77,505 499,035 893,677 $ 1,470,217 $ 80,589 578,505 904,992 $ 1,564,086 $ 318,637 Current liabilities $ 348, 318 $ 331,397 $ 320,724 $ 400, 310 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 Year 2 Year 3 Year 4 Year 5 Sales 100.0 % 103.01% % % % Current assets: Cash 100.0 % % % % % 100.0% % % % % Accounts receivable, net Inventory Total current assets 100.0% % % % % 100.0 % % % % % Current liabilities 100.0% % % % %Step by Step Solution
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