Exercise 14-7 (Algo) Trend Percentages (LO14-1] Rotorua Products, Limited, of New Zealand markets agricultural products...
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Accounting
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 : Year 2 Year Year 4 Year Sales $ 4,667,170 $ 4,751,190 $ 5,032,990 $ 5,463, 14 $ 5,81 Cash $ 92,111 $ 184,8ee $ 98,584 $ 85,207 5 Accounts receivable, net 412,012 423,289 438,846 498,815 57 Inventory 814,376 870,989 833,384 380,233 Total current assets 51,318,499 $ 1,399,078 $ 1,370,814 $ 1,454,255 $1,55 Current liabilities $ 308,897 $ 347,758 $ 325,214 $ 322, seg 535 90 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 (le, 0.1234 should be entered as 12,3).) markets agricultural products for the burgeoning Asian consumer market. The company's over the last five years (Year 5 is the most recent year) are as follows: Year 1 $ 4,667,170 $ 92,111 412,012 814.376 $ 1,318,499 $ 308,897 Year 2 $ 4,751,190 $ 184,880 423,289 870,989 $ 1,399,078 $ 347,758 Year 3 $ 5,832,99 $ 98,584 438,846 833,384 $ 1,370,814 $ 325,214 Year 4 $ 5,463, 140 $ 85,207 498,815 880,233 $ 1,464,255 $ 322,589 Year 5 $ 5,815,520 $ 72,764 578,870 905,509 $1,557,143 $ 395,197 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percenta to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Year 5 % % 9 % % % % % Sales Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities % % % % % % % % % % RR % 96 96 % % % % % % % 96



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