Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company'scurrent assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows:Year 1Year 2Year 3Year 4Year 5Sales$1,800, 000$1,980,000$2,070,000$2,160,000$2, 250, 00050,000300,000600,000Cash$424Accounts receivable, netInventory65,000345,000660,00048,000405,00040,000510,00030,000570,000750,000$1,350,000690,000720,000Total current assets$ 950,000$1,070,000$1,143,000$1,270,000Current liabilities$ 400,000$ 440,000$ 520,000$ 580,000$ 640,000Required:1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answersto 1 decimal place (i.e., 0.1234 should be entered as 12.3).)Year 1Year 2Year 3Year 4Year 5Sales%%%%%Current assets:%%%%Cash%%%Accounts receivable, net%%%Inventory%%%%%Total current assets%%%%%Current liabilities

Trend percentage = Current year data/Base year data Given, consider Year 1 as the base year.

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 $1,800,000 $1,980,000 $2,070,000 $2,160, 000 $2, 250, 000 65,000 40,000 510,000 720,000 $1, 270, 000 Cash 50,000 300,000 600,000 48,000 405,000 690,000 $1,143,000 30, 000 570,000 750,000 $1, 350, 000 $ 640,000 Accounts receivable, net 345,000 660,000 Inventory Total current assets $ 950,000 $1,070,000 $ 400,000 $ 440,000 $ 520,000 $ 580,000 Current liabilities 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 % ఈ |

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 $1,800,000 $1,980,000 $2,070,000 $2,160, 000 $2, 250, 000 65,000 40,000 510,000 720,000 $1, 270, 000 Cash 50,000 300,000 600,000 48,000 405,000 690,000 $1,143,000 30, 000 570,000 750,000 $1, 350, 000 $ 640,000 Accounts receivable, net 345,000 660,000 Inventory Total current assets $ 950,000 $1,070,000 $ 400,000 $ 440,000 $ 520,000 $ 580,000 Current liabilities 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 % ఈ |

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, 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, 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 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.
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
Orbital Communications has operating plants in over 100 countries. It also keeps funds for transaction purposes in many foreign countries. Assume that in 2010 it held 100,000 kronas increased 6 percent aganist the dollar. What it the value of the holdings based on U.S. dollars, at the end of the year.
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?
In 20X2, Canterra Company invested $2,600,000 CDN (800,000FC) to establish a foreign subsidiary, Forterra Ltd. Forterra took out a $320,000FC bank loan to help finance the purchase of equipment and furniture. At the time the loan was taken out, the exchange rate was 1FC = $3.40 CDN. The loan principal is not required to be repaid for five years. Forterra purchased equipment costing 960,000FC when the exchange was 1FC = $3.30 CDN. Forterra had a very successful first year of operations and decided to purchase a tract of land for 320,000FC. The exchange rate at the time of purchase was 1FC = $2.90 CDN. Forterra's policy is to declare and pay dividends at its year-end. Both Canterra and Forterra have December 31 year-ends. Forterra has provided the following information: Requested a. Calculate Forterra's cumulative translation gain/loss for 20X3 using the presentation currency method.
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.
Pickles R Us is a pickle farm located in the Northeast. The following transactions take place: A. On November 6, Pickles borrows $820,000 from a bank to cover the initial cost of expansion. Terms of the loan are payment due in six months from November 6, and annual interest rate of 3%. B. On December 12, Pickles borrows an additional $200,000 with payment due in three months from December 12, and an annual interest rate of 10%. C. Pickles pays its accounts in full on March 12, for the December 12 loan, and on May 6 for the November 6 loan. Record the journal entries to recognize the initial borrowings, and the two payments for Pickles.
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?
please answer in 30 minutes. HE Ltd is a company incorporated in SG and prepares its financial accounts based on the Singapore Financial Reporting Standards. It purchased a machine on 1/1/20X1 for $150,000. The machine has a useful economic life of 10 years and zero residual value. On 1/1/20X4, the company revalued the machine to its current fair value of $180,000. Assume that the current gross carrying amount of the machine as at 1st Jan 20X4 by reference to observable market data is $255,000. Illustrate with journal entries to show the revaluation of the machine by restating the gross carrying amount of the machine by reference to observable market data.