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ch 13 excersises #7 Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning...

ch 13 excersises #7

Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company’s current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year):

Year 1    Year 2    Year 3    Year 4    Year 5      
  Sales $ 4,580,860 $ 4,735,820 $ 5,001,620 $ 5,420,060 $ 5,639,850






























    Cash $ 81,352 $ 106,124 $ 97,984 $ 79,072 $ 71,100
    Accounts receivable, net 407,133 423,048 433,744 508,219 571,089
    Inventory 815,295 879,304 829,713 890,118 898,221















  Total current assets $ 1,303,780 $ 1,408,476 $ 1,361,441 $ 1,477,409 $ 1,540,410






























  Current liabilities $ 303,570 $ 337,709 $ 333,736 $ 331,732 $ 407,200































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 1 Year 2 Year 3 Year 4 Year 5
Sales % % % % %
Current assets:
Cash
Accounts receivable
Inventory
Total current assets
Current liabilities

      

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