Rotorua Products, Ltd., of New Zealand markets agricultural products for the bur
ID: 2463583 • Letter: R
Question
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):
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).)
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):
Explanation / Answer
Particular year 1 year 2 year3 year 4 year 5 Amount ($) % Amount ($) as a percentage of first year data Amount ($) as a percentage of first year data Amount ($) as a percentage of first year data Amount ($) as a percentage of first year data Sales 4555080 100 4903870 107.7% 5043770 110.7% 5512160 121.0% 5707980 125.3% Cash 84085 100 101105 120.2% 102072 121.4% 81098 96.4% 78100 92.9% Accounts receivable 417162 100 416169 99.8% 433426 103.9% 510937 122.5% 579876 139.0% Inventory 802100 100 866186 108.0% 830511 103.5% 889304 110.9% 901193 112.4% Total Current Assets 1303347 100 1383460 106.1% 1366009 104.8% 1481339 113.7% 1559169 119.6% Curent Liability 318213 100 345471 108.6% 327052 102.8% 333196 104.7% 405348 127.4%
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