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: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Sales Current assets Cash Accounts receivable, net Inventory Total current assets Current abilities Year 1 100.0% Year 1 $ 4,618,300 $ 89,608 480,357 802,557 $1,292,522 $ 316,230 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 12.31.) 100.0% 100.0% 100.0% 1000% 100.0% Year 2 % % % % % Year 2 $ 4,885,910 $ 97,617 421,982 879,946 $ 1,399,545 $ 348,032 Year 3 % % % % % % Year 3 $5,024,390 $ 90,200 450,706 817,219 $ 1,358,125 $ 330,971 Year 4 % % % % % % Year 4 $5,464,140 $ 73,735 501,840 882,199 $ 1,457,774 $ 323,829 Year 5 % % Year 5 $ 5,707,918 $ 76,918 568,971 912,296 $ 1,558,185 $ 404,008 % %
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: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Sales Current assets Cash Accounts receivable, net Inventory Total current assets Current abilities Year 1 100.0% Year 1 $ 4,618,300 $ 89,608 480,357 802,557 $1,292,522 $ 316,230 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 12.31.) 100.0% 100.0% 100.0% 1000% 100.0% Year 2 % % % % % Year 2 $ 4,885,910 $ 97,617 421,982 879,946 $ 1,399,545 $ 348,032 Year 3 % % % % % % Year 3 $5,024,390 $ 90,200 450,706 817,219 $ 1,358,125 $ 330,971 Year 4 % % % % % % Year 4 $5,464,140 $ 73,735 501,840 882,199 $ 1,457,774 $ 323,829 Year 5 % % Year 5 $ 5,707,918 $ 76,918 568,971 912,296 $ 1,558,185 $ 404,008 % %
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management
analysis
Section: Chapter Questions
Problem 1MAD
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