Rotorua Products, Ltd., of New Zealand markets agricultural products for the bur
ID: 2497334 • 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
Solution:
solution
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
100.0
103.0
110.0
119.8
125.1
Cash
100.0
92.5
103.8
75.8
82.8
Accounts receivable, net
100.0
107.6
111.9
123.4
141.3
Inventory
100.0
106.4
100.3
109.6
109.7
Total current assets
100.0
105.7
104.1
111.3
117.3
Current liabilities
100.0
108.9
110.0
102.1
129.0
formula = concerned year amount *100/base year amount
solution
Year 1
Year 2
Year 3
Year 4
Year 5
Sales
100.0
103.0
110.0
119.8
125.1
Cash
100.0
92.5
103.8
75.8
82.8
Accounts receivable, net
100.0
107.6
111.9
123.4
141.3
Inventory
100.0
106.4
100.3
109.6
109.7
Total current assets
100.0
105.7
104.1
111.3
117.3
Current liabilities
100.0
108.9
110.0
102.1
129.0
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