Rotorua Products, Ltd., 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 Sales $ 4,617,010 $ 4,754,310 $ 5,081,970 $ 5,459,390 $ 5,735,870 Cash $ 92,753 $ 90,069 $ 93,105 $ 80,319 $ 78,860 Accounts receivable, net 404,289 421,258 440,963 511,995 567,286 Inventory 808,517 867,939 816,543 882,341 903,474 Total current assets $ 1,305,559 $

Rotorua Products, Ltd., 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 Sales $ 4,617,010 $ 4,754,310 $ 5,081,970 $ 5,459,390 $ 5,735,870 Cash $ 92,753 $ 90,069 $ 93,105 $ 80,319 $ 78,860 Accounts receivable, net 404,289 421,258 440,963 511,995 567,286 Inventory 808,517 867,939 816,543 882,341 903,474 Total current assets $ 1,305,559 $

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 3MAD: Deere Company (DE) manufactures and distributes farm and construction machinery that it sells...

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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 Sales $ 4,629,850 $ 4,882,820 $ 5,051,360 $ 5,561,430 $ 5,779,850 Cash $ 92,281 $ 100,754 $ 100,089 $ 88,760 $ 74,387 Accounts receivable, net 400,699 434,827 445,236 507,424 568,470 Inventory 805,036 874,663 822,264 897,114 903,388 Total current assets $ 1,298,016 $ 1,410,244 $ 1,367,589 $ 1,493,298 $ 1,546,245 Current liabilities $ 317,424 $ 340,337 $ 332,468 $ 321,672 $ 391,861 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).)
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumermarket. The company’s current assets, current liabilities, and sales have been reported as follows over thelast five years (Year 5 is the most recent year):Year 5 Year 4 Year 3 Year 2 Year 1Sales ...................................... $NZ2,250,000 $NZ2,160,000 $NZ2,070,000 $NZ1,980,000 $NZ1,800,000Cash ...................................... $NZ 30,000 $NZ 40,000 $NZ 48,000 $NZ 65,000 $NZ 50,000Accounts receivable, net ....... 570,000 510,000 405,000 345,000 300,000Inventory ................................ 750,000 720,000 690,000 660,000 600,000Total current assets ............... $NZ1,350,000 $NZ1,270,000 $NZ1,143,000 $NZ1,070,000 $NZ 950,000Current liabilities .................... $NZ 640,000 $NZ 580,000 $NZ 520,000 $NZ 440,000 $NZ 400,000$NZ stands for New Zealand dollars.Required:1. Express all of the asset, liability, and sales data in trend percentages. (Show percentages for…
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): image $NZ stands for New Zealand dollars. Required: Express all of the asset, liability, and sales data in trend percentages. (Show percentages for each item.) Use Year I as the base year and carry computations to one decimal place. Comment on the results of your analysis.
Deere & Company manufactures and distributes farm and construction machinery that it sells around the world. In addition to its manufacturing operations, Deere’s credit division loans money to customers to finance the purchase of their farm and construction equipment.The following information is available for three recent years (in millions except pershare amounts): Please see the attachment for details: 1. Calculate the following ratios for each year, rounding ratios and percentages to one decimal place, except for per-share amounts:a. Return on total assetsb. Return on stockholders’ equityc. Earnings per shared. Dividend yielde. Price-earnings ratio2. Based on these data, evaluate Deere’s profitability.
Norsk Optronics, ALS, of Bergen, Norway, had a current ratio of 2.5 on June 30 of the current year. Onthat date, the company’s assets were:Cash ..................................................... Kr 90,000Accounts receivable, net ...................... 260,000Inventory ............................................... 490,000Prepaid expenses ................................. 10,000Plant and equipment, net ...................... 800,000Total assets .......................................... Kr1,650,000The Norwegian currency is the krone, denoted here by the symbol Kr.Required:1. What was the company’s working capital on June 30?2. What was the company’s acid-test ratio on June 30?3. The company paid an account payable of Kr40,000 immediately after June 30.a. What effect did this transaction have on working capital? Show computations.b. What effect did this transaction have on the current ratio? Show computations.
The income and expenses for an Armenian Co (Ararat) for the 2022 tax year (the same as a calendar year) are: trading income – AMD 235,000,000; gross rent income from Armenian company – AMD 200,000; dividend income from its Armenian subsidiary – AMD 3,500,000; salary expenses – AMD 25,000,000; raw materials expenses – AMD 35,000,000; fuel and utilities expenses – AMD 10,000,000; representative expenses – AMD 6,000,000; accounting depreciation expenses – AMD 8,150,000; tax depreciation expenses – AMD 5,700,000; tax interest and penalty expenses – AMD 950,000; property tax expenses – AMD 500,000; penalty expenses charged by clients – AMD 750,000, prepayments provided to the suppliers AMD 23,000,000, loans received from the bank AMD 10,000,000.• The accumulated tax loss for previous three years was AMD 15,400,000. Please asses the corporate profit tax for 2022
Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics. The December 31, 2021, year-end trial balance contained the following income statement items: Account Title Debits CreditsSales revenue $ 12,500,000Interest revenue 50,000Loss on sale of investments $ 100,000Cost of goods sold 6,200,000Selling expense 620,000General and administrative expense 1,520,000Interest expense 40,000Research and development expense 1,200,000Income tax expense 900,000 Required:Calculate…
JOI Corporation, a manufacturer, has a gross sales of P90,000,000.00 for CY2021, its fifth year of operations. Its total assets amounted to P50,000,000.00,net of the value of the land of P6,000,000.00 where its manufacturing plant and business operations are situated. Its cost of sales and allowable operatingexpenses amounted to P55,000,000.00 and P40,000,000.00, respectively. How much is the income tax due?
PPP Company sold $5 million of protective equipment during the current year of operations. The company received payments of $4.4 million from its customers for these goods. The company's income statement for the current year would report?
K Ltd., a Canadian company, had sales of $2,400,000 in the last reporting period of the fiscal year ($2,000,000 within Canada and $400,000 outside of Canada). During the same period, the following expenditures were incurred: inventory purchased $600,000, equipment purchased $80,000, salaries & wages $300,000, rent $130,000, insurance $10,000, and interest expense $25,000. What is the amount of GST to be remitted to the CRA for the reporting period?
3. JOI Corporation, a manufacturer, has a gross sales of P90,000,000.00 for CY2021, its fifth year of operations. Its total assets amounted to P50,000,000.00,net of the value of the land of P6,000,000.00 where its manufacturing plant andbusiness operations are situated. Its cost of sales and allowable operatingexpenses amounted to P50,000,000.00 and P40,000,000.00, respectively.Compute for its income tax due for CY 2021.
The Clorox Company (CLX) and The Procter & Gamble Company (PG) produce and sell packaged consumer products around the world. Income and interest expense information from financial statements for a recent year follows (in millions): Clorox Procter & Gamble Interest expense $88 $579 Income before income tax expense 983 13,369 a. Compute the time's interest earned for each company. Round to one decimal place. Clorox: Procter & Gamble:

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	Year 1	Year 2	Year 3	Year 4	Year 5
Sales	$	4,617,010		$	4,754,310	$	5,081,970	$	5,459,390	$	5,735,870
Cash	$	92,753		$	90,069	$	93,105	$	80,319	$	78,860
Accounts receivable, net		404,289			421,258		440,963		511,995		567,286
Inventory		808,517			867,939		816,543		882,341		903,474
Total current assets	$	1,305,559		$	1,379,266	$	1,350,611	$	1,474,655	$	1,549,620
Current liabilities	$	312,169		$	333,151	$	342,274	$	318,352	$	403,812