Please help me Rotorua Products Ltd. of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company'scurrent assets, current liabilities, and sales have been reported as follows over the last five yeors (year 5 is the most recent):YearSNI 2.047,00079,380411,600593,000Year 4SNI 2,136,000. SN2 1,958,000Year 5Year 2Year 1SNE 1,780,000B1,000294,000593, 000SalesSNI 1,958,00064,800529,200593,000SN252,650 SNa617,400770,900SNASNECanhAccounts receivable, netInventory97,200 $NE323,400593,000Total current assetsSNE 1,440,950 SNE 1,187,000SNI 1,003,980SNE 1,013, 600SNE968, 000SNE536, 200 $SNE$17,050459, 600383,000SNE383,000SNECurrent 1iabilitiesSNE*SNZ stands for New Zealand dollers,Required:1. Express all of the asset, liability, and sales data in trend percentages. (Show percentages for each item) Use year 1 as the base year.(Round your answers to 1 decimal place.)Year 5Year 4Year 3Year 2Year 1SalesCashAccounts receivableInventoryTotal current assetsCurrent liabilities

Solution Trend percentage allows you compare various financial information i.e cost of good sold…

Rotorua Products Ltd. of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys current assets, current liabilities, and sales have been reported as follows over the last five years tyear 5 is the most recent): Year 本国 2.047,000 79, J80 411,600 593,000 SNE 1,083,980 Year 5 Tear 4 Year 2 Tear 1 SNE 2,136,000. SNE 1,958, 000 SN2 1,958,000 97,200 SNE 1,780,00 81,000 294,000 593,000 Sales SNE 52,650 SNa 617,400 770, 900 64,800 529,200 593,000 Cash SNE SNE Accounts receivable, net Enventory 323, 400 593,000 SNE 1,013, s00 Total current asseta SNE 1,440,950 SNE 1,187,000 SNE 968, 000 Current 1iabilities SNE 536, 200 $NE 517,050 SNE 459, 600 SNE 383,000 383,000 SNZ stands for New Zealand dollers. equired: Express all of the asset, liability, and sales data in trend percentages. (Show percentages for each item) Use year 1 as the base year Round your answers to 1 decimal place.) Year 5 Year 4 Year 3 Year 2 Year 1 Sales Cash Accounts receivable nventory Total current assets Current liabilities

Rotorua Products Ltd. of New Zealand markets agricultural products for the burgeoning Asian consumer market. The companys current assets, current liabilities, and sales have been reported as follows over the last five years tyear 5 is the most recent): Year 本国 2.047,000 79, J80 411,600 593,000 SNE 1,083,980 Year 5 Tear 4 Year 2 Tear 1 SNE 2,136,000. SNE 1,958, 000 SN2 1,958,000 97,200 SNE 1,780,00 81,000 294,000 593,000 Sales SNE 52,650 SNa 617,400 770, 900 64,800 529,200 593,000 Cash SNE SNE Accounts receivable, net Enventory 323, 400 593,000 SNE 1,013, s00 Total current asseta SNE 1,440,950 SNE 1,187,000 SNE 968, 000 Current 1iabilities SNE 536, 200 $NE 517,050 SNE 459, 600 SNE 383,000 383,000 SNZ stands for New Zealand dollers. equired: Express all of the asset, liability, and sales data in trend percentages. (Show percentages for each item) Use year 1 as the base year Round your answers to 1 decimal place.) Year 5 Year 4 Year 3 Year 2 Year 1 Sales Cash Accounts receivable nventory Total current assets Current liabilities

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 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.
Deere Company (DE) manufactures and distributes farm and construction machinery that it sells around the world. In addition to its manufacturing operations, Deeres 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 per-share amounts): 1. Calculate the following ratios for each year. Round ratios and percentages to one decimal place, except for per-share amounts, which should be rounded to the nearest cent. a. Return on total assets b. Return on stockholders' equity c. Earnings per share d. Dividend yield e. Price-earnings ratio 2. Based on these data, evaluate Deeres 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.
Entity A is a Hong Kong-based limited company that participates in the building material industry for many years. It sells high-quality raw materials to different local and foreign manufacturers. Entity B is one of its loyal customers for more than 30 years. On 1 January 2020, Entity A received an advanced payment of $3,600,000 from Entity B through the Hong Kong City Bank for selling Material X. According to the contract terms, Entity A would only deliver Material X to Entity B on 31 December 2020. The regular cash-selling price of Material X was $3,600,000. The cost of sales of Material X was $2,563,000. On 1 January 2021, Entity A entered into another contract with Entity B. This contract stated that Entity A was required to transfer Material Y and Material Z to Entity B in exchange for $681,500. According to the contract terms, Entity A could invoice this full amount on 31 January 2021. Material Y was to be delivered on 28 February 2021 and Material Z was to be delivered on…
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.
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?
Payton Company has the following segment revenues for the two most recent fiscal years. Segment Current Year (in millions) Prior Year (in millions) China $775.00 $650.00 Canada 325.50 245.50 Other countries 215.50 168.50 Total revenues $1,316.00 $1,064.00 Required: Prepare a vertical analysis of the segment data. Calculate the percentage to four decimal places, then round your answer to one decimal place.
How much is the income from sources within?Gross Income from the practice of profession as CPA in the Philippines, P220,000;Rent on a building located in Makati, net of 5% withholding tax, P95,000;Rent on a commercial building located in USA, P70,000;Interest income, debtor resides in Hongkong, P10,000;Dividends from Ford Motors, a foreign company, declared in 2020 (its total worldwide income for three years is P2,000,000; income within, P1,200,000), P50,000;Royalties received from Ford Motors for use of patents in the USA, P30,000;Dividend from Walmart Corp., USA, declared in 2020 (its total worldwide income for three years is P1,800,000; its income from the Philippines is P800,000), P80,000;Gain on sale of land. The contract of sale was entered in the Philippines. The land was located in Japan, P300,000;Gain on sale of car in the Philippines. The taxpayer purchased the car directly from Toyota, which manufactured the car in Japan, P50,000;
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.
On January 1, 20X1, Himalaya Corporation organized Alps Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 120,000. Alps's December 31, 20X1, trial balance in SFr is as follows: Debit (SFr) Credit(SFr) Cash 14000 Accounts Receivable 40000 Receivable from Himalaya 10000 Inventory 50000 Plant and Equipment 200000 Accumulated Depreciation 20000 Accounts Payable 24000 Bonds Payable 100000 Common Stock 120000 Sales 300000 Cost of goods sold 140000 Depreciation Expense 20000 Operating Expense 60000 Dividend paid 30000 Total SFr564,000 SFr 564,000 Additional Information The receivable from Himalaya is denominated in Swiss francs. Himalaya's books show a $8,000 payable to Alps. Purchases of inventory goods are made evenly during the year. Items in the ending inventory were purchased…