Rotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market....
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Accounting
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 Sales Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 % % % % % % Year 1 $ 4,651,040 $ 88,213 416, 549 812, 138 $ 1,316,900 $314,161 Year 2 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).) % % % % % % Year 2 $ 4,823,810 $ 99,317 417,494 879,914 $ 1,396,725 $ 334,722 Year 3 % % % % % % Year 3 $ 5,102,880 $ 100,305 440, 728 821, 521 $ 1,362,554 $ 326,221 Year 4 % % % % % % Year 4 $5,459,140 Year 5 $ 86,854 498,961 894,362 $ 1,480,177 $319,980 % Year 5 $5,658,780 % % % % % $ 71,928 571,140 915,391 $ 1,558,459 $ 402, 558
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