Question

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

      

Answer 1