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please help! Ch Exercise 14-7 (Algo) Trend Percentages (L014-1) Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The
please help!
Ch Exercise 14-7 (Algo) Trend Percentages (L014-1) 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 Year 2 Year 3 Year 4 Year 5 Sale $ 4,666,090 $ 4,763,090 $ 5,003,400 15,445,910 $ 5,677,340 Cash $ 88,569 $ 95,122 $ 84,414 $ 19,911 $ 69,364 Accounts receivable, net 403,033 435,111 437,344 562,268 Inventory 308, 967 174,003 821,533 146 907,573 Total current asseta $ 1,301,369 $ 1,404,236 $ 1,343,291 83,213 $ 1,539,205 Current liabilities $ 302,736 $ 343,901 $ 330, 432 $ 321,043 $ 400, 484 Required: Express all of the asset. liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers co 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Year 2 Year 1 Year 3 Year 4 Year 5 % % % % % % % Sales Current assets: Cash Accounts receivable, nel Inventory Total current assets Current liabilities % % % % % % % % % % % % % % % % % % % % % % % Step by Step Solution
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