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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).)

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).)

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter11: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 11.4.3MBA
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Exercise 14-7 (Algo) Trend Percentages (LO14-1) Rotorua Products, Limited, 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 $ 4,549,430 $ 89,042 408,006 811,488 $ 1,308,536 $ 318,107 $ 4,740,670 $ 5,099,950 $ 5,469,600 $ 88,596 508,470 896,163 $ 5,724, 580 $ 83,446 579,239 Sales $ 98,777 418,630 $ 95,764 449,800 Cash Accounts receivable, net Inventory 879,663 834,879 907,936 Total eurrent assets ॐ 1,397,070 $ 1,380,443 $ 1,493, 229 $ 1,570,621 Current liabilities $ 339,365 $ 342,764 $ 327,124 $ 393,311 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 Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities ま ま
Transcribed Image Text:Exercise 14-7 (Algo) Trend Percentages (LO14-1) Rotorua Products, Limited, 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 $ 4,549,430 $ 89,042 408,006 811,488 $ 1,308,536 $ 318,107 $ 4,740,670 $ 5,099,950 $ 5,469,600 $ 88,596 508,470 896,163 $ 5,724, 580 $ 83,446 579,239 Sales $ 98,777 418,630 $ 95,764 449,800 Cash Accounts receivable, net Inventory 879,663 834,879 907,936 Total eurrent assets ॐ 1,397,070 $ 1,380,443 $ 1,493, 229 $ 1,570,621 Current liabilities $ 339,365 $ 342,764 $ 327,124 $ 393,311 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 Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities ま ま
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