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 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

Year 1 year 2 year 3 year 4 year 5 Sales 100.0% 106.8% 107.5% 119.3% 122.7% current assets Cash 100.0% 109.2% 111.0% 83.6% 75.5% Account receivable 100.0% 103.7% 104.8% 120.6% 135.6% Inventory 100.0% 108.3% 103.5% 112.1% 113.9% total current assets 100.0% 106.9% 104.5% 112.8% 118.0% current liabilities 100.0% 114.2% 109.3% 108.7% 127.4% divide each item for each respective year with the year 1 amount for example for sales   for year 2 = 4916870/4605710 for year 3 = 4953170/4605710 similarly calculate for other heads

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