Rotorua Products, Ltd., of New Zealand markets agricultural products for the bur

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 over the last five years (Year 5 is the most recent year) are as follows Year 1 Year 2 Year 3 Year 4 Year 5 Sales Cash Accounts receivable, net Inventory Total current assets $4,653,400 $ 4,814,860 $5,011,010 $5,577,460 $5, 648,870 $87,401 89,746 97,105 77,93673,024 579,492 913,104 $1,295,982 $1,392,756 $1,371,101 $1,467,272 $1,565,620 400,745 807,836 435,866 867,144 446,511 827,485 500,923 888,413 Current liabilities $ 317,699 336,147 340,615 335,546 390,558 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 100.01% Current assets: Cash Accounts receivable Inventory Total current assets Current liabilities

Explanation / Answer

1.

Calculations:

Year 1 Year 2 Year 3 Year 4 Year 5 Sales 100.0% 103.5% 107.7% 119.9% 121.4% Current assets: Cash 100.0% 102.7% 111.1% 89.2% 83.6% Accounts receivable 100.0% 108.8% 111.4% 125.0% 144.6% Inventory 100.0% 107.3% 102.4% 110.0% 113.0% Total current assets 100.0% 107.5% 105.8% 113.2% 120.8% Current liabilities 100.0% 105.8% 107.2% 105.6% 122.9%

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