Question
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys current assets, current liabilities, and sales over the
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Year 1 Year 2 Year 3 Year 4 Year 5 Sales $ 4,500,090 $ 4,903,310 $ 5,148,110 $ 5,529,910 $ 5,632,260 Cash $ 88,312 $ 103,640 $ 102,980 $ 86,199 $ 83,505 Accounts receivable, net 404,988 431,050 442,486 500,081 567,716 Inventory 804,331 872,355 823,816 886,170 914,938 Total current assets $ 1,297,631 $ 1,407,045 $ 1,369,282 $ 1,472,450 $ 1,566,159 Current liabilities $ 317,437 $ 336,296 $ 343,679 $ 323,620 $ 390,799 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).) Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Year 1 Year 2 Year 3 Year 4 Year 5 Sales $ 4,500,090 $ 4,903,310 $ 5,148,110 $ 5,529,910 $ 5,632,260 Cash $ 88,312 $ 103,640 $ 102,980 $ 86,199 $ 83,505 Accounts receivable, net 404,988 431,050 442,486 500,081 567,716 Inventory 804,331 872,355 823,816 886,170 914,938 Total current assets $ 1,297,631 $ 1,407,045 $ 1,369,282 $ 1,472,450 $ 1,566,159 Current liabilities $ 317,437 $ 336,296 $ 343,679 $ 323,620 $ 390,799 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).) problem is filled as: sales in percents current assets accounts receivable as % Inventory % total Current Assets % current Liabilites%
THE ANSWER THAT IS ALREADY ON THIS SITE IS WRONG
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started