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
icon
Related questions
Question
answer in text form please (without image)
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:
Sales
Cash
Accounts receivable, net
Inventory
Total current assets
Current liabilities
Sales
Current assets
Cash
Accounts receivable, net
Inventory
Total current assets
Current liabilities
Year 1
100.0%
Year 1
$ 4,618,300
$89,608
400,357
802,557
$1,292,522
$ 316,230
100.0%
100.0%
100.0%
100.0 %
100.0%
Year 2
%
%
%
%
%
%
Year 2
$ 4,885,910.
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 3
$ 97,617
421,982
879,946
$ 1,399,545.
$ 348,032
%
%
%
%
%
Year 3
$5,024,390
Year 4
$ 90,200
450,706
817,219
$1,358,125
$ 330,971
%
%
%
%
%
%
Year 4
$ 5,464,140
Year 5
$ 73,735
501,840
882,199
$ 1,457,774
$ 323,829
Year 5
$ 5,707,910
%
%
%
%
$ 76,918
568,971
912,296
$ 1,558,185
$ 404,008
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: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Sales Current assets Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 100.0% Year 1 $ 4,618,300 $89,608 400,357 802,557 $1,292,522 $ 316,230 100.0% 100.0% 100.0% 100.0 % 100.0% Year 2 % % % % % % Year 2 $ 4,885,910. 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 3 $ 97,617 421,982 879,946 $ 1,399,545. $ 348,032 % % % % % Year 3 $5,024,390 Year 4 $ 90,200 450,706 817,219 $1,358,125 $ 330,971 % % % % % % Year 4 $ 5,464,140 Year 5 $ 73,735 501,840 882,199 $ 1,457,774 $ 323,829 Year 5 $ 5,707,910 % % % % $ 76,918 568,971 912,296 $ 1,558,185 $ 404,008
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Income Statement Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning