ezto.mheducation.com Exercises 13-2, 13-3, 13-4 Question 5 (of 5) value 10.00 po
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ezto.mheducation.com Exercises 13-2, 13-3, 13-4 Question 5 (of 5) value 10.00 points Exercise 13-7 Trend Percentages [LO13-1] 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 2Year 3 Year 4Year 5 Sales $4,697,190 $4,861,190 $5,081,230 $5,505,480 $5,762,430 Cash Accounts receivable, net 89,356 107,337 S 103,060 $ 88,437 S 80,553 416,932428,737 439,478 498,025 565,142 09,738 881,750 817,526 899,462 911,334 Total current assets $1,316,026 $1.417,824 $1.360,064 $1,485,924 $1,557,029 Current liabilities s 305,856 330,399 $ 326,638 330,271 S 392.428 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 2 Year Year 5 Sales Current assets: Cash Inventory Total current assets Current liabilitiesExplanation / Answer
Particulars Year 1 % Year 2 % Year 3 % Year 4 % Year 5 % Sales 4697190 100% 4861190 103.5% 5081230 108.2% 5505480 117.2% 5762430 122.7% Cash $ 89,356 100% $ 1,07,337 120.1% $ 1,03,060 115.3% $ 88,437 99.0% 80553 90.1% Account Recievable, Net 4,16,932 100% 4,28,737 102.8% 4,39,478 105.4% 4,98,025 119.4% 565142 135.5% Inventory 8,09,736 100% 8,81,750 108.9% 8,17,526 101.0% 8,99,462 111.1% 911334 112.5% Total Current Assets 13,16,024 100% 14,17,824 107.7% 13,60,064 103.3% 14,85,924 112.9% 15,57,029 118.3% Current Liabilities $ 3,05,856.00 100% $ 3,30,399.00 108.0% $ 3,26,638.00 106.8% $ 3,30,271.00 108.0% 392428 128.3%
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