Rotorua Products sells agricultural products in the burgeoning Asian 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 Year 11 Year 2 $4,545,400 $ 4,737,850 $ 88,854 418,283 800, 380 $ 90,380 417,076 876,061 $1,383,517 $ 1,307,517 $ 313,578 $ 346,822 Year 31 $5,126,380 Year 4 Year 5 $5,421,900 $5,776,190 $ 88,845 435,833 825,570 $ 77,057 587,279 882,078 $ 1,350,248 $ 1,466,414 $1,552,502 $ 336,685 $ 335,107 $ 390,612 $ 80,928 569,984 901,590 Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. Note: Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).
Rotorua Products sells agricultural products in the burgeoning Asian 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 Year 11 Year 2 $4,545,400 $ 4,737,850 $ 88,854 418,283 800, 380 $ 90,380 417,076 876,061 $1,383,517 $ 1,307,517 $ 313,578 $ 346,822 Year 31 $5,126,380 Year 4 Year 5 $5,421,900 $5,776,190 $ 88,845 435,833 825,570 $ 77,057 587,279 882,078 $ 1,350,248 $ 1,466,414 $1,552,502 $ 336,685 $ 335,107 $ 390,612 $ 80,928 569,984 901,590 Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. Note: Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 39E: Cuneo Companys income statements for the last 3 years are as follows: Refer to the information for...
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