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Seved Help Save & Exit Submit Check my work Exercise 14-7 (Algo) Trend Percentages [LO14-1) Rotorua Products, Limited, of New Zealand markets agricultural products
Seved Help Save & Exit Submit Check my work 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 $4,618,790 85,335 401,148 811,038 $ 1,297,521 Year 2 $ 4,832,030 $103,993 420,049 874,974 $1,399,016 Year 3 $5,071,070 Year 4 5,522,540 $84,204 499,497 884,605 $1,460,310 Year 5 $5,753,500 579,209 $335,314 $93,426 449,797 824,845 $ 1,368,060 es $307,373 $346,087 $329,876 569,427 906,191 $1,554,827 $ 400,318 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).) Sales Year 1 Year 2 Year 3 Year 4 Year 5 % % % % Current assets Cash % % % % % Accounts receivable, net % % % % % Inventory % % % % % Total current assets %6 % % % % Current liabilities % % % % %
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