Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market....
70.2K
Verified Solution
Link Copied!
Question
Accounting
Rotorua Products, Limited, 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
$ 4,697,040
$ 4,900,570
$ 5,048,430
$ 5,555,110
$ 5,642,420
Cash
$ 98,158
$ 107,631
$ 86,085
$ 77,200
$ 66,437
Accounts receivable, net
412,027
431,244
432,656
501,796
578,011
Inventory
810,562
873,822
834,340
892,442
915,531
Total current assets
$ 1,320,747
$ 1,412,697
$ 1,353,081
$ 1,471,438
$ 1,559,979
Current liabilities
$ 303,150
$ 349,164
$ 330,605
$ 329,868
$ 395,957
Required:
1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year.
Rotorua Products, Limited, 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
$ 4,697,040
$ 4,900,570
$ 5,048,430
$ 5,555,110
$ 5,642,420
Cash
$ 98,158
$ 107,631
$ 86,085
$ 77,200
$ 66,437
Accounts receivable, net
412,027
431,244
432,656
501,796
578,011
Inventory
810,562
873,822
834,340
892,442
915,531
Total current assets
$ 1,320,747
$ 1,412,697
$ 1,353,081
$ 1,471,438
$ 1,559,979
Current liabilities
$ 303,150
$ 349,164
$ 330,605
$ 329,868
$ 395,957
Required:
1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year.
PLEASE PUT ANSWER IN TABLE FORM
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!