| Web Links-ACG207 Chapter 15 Writing As Chapter1-5pdf Chapter 101. n.tpx Exerci
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| Web Links-ACG207 Chapter 15 Writing As Chapter1-5pdf Chapter 101. n.tpx Exercise 15-7 Trend Percentages [LO15-1] 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): Year 1 Year 2Y Year 3 Year 4 Year 5 Sales $4,549,470 $4,776,480 $5,118,460 $5,575,890 $5,780,910 Cash Accounts receivable, net Inventory $ 94,366 S 95,023 $ 96,873 S 86,659 $ 71,619 400,242 418,606 432,365 510,935 571,999 803,433 873,018 834,378 882,837 901,097 Total current assets $1,298,041 $1,386,647 $1,363,616 $1,480,431 $1,544,715 Current liabilities s 315,853 $ 349,019 S 342,369 S 323,604 $ 399,044 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 (ie, 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Yea ype here to search 99+Explanation / Answer
Year 1 Year 2 Year 3 Year 4 year 5 Sales 100.0% 105.0% 112.5% 122.6% 127.1% Current assets Cash 100.0% 100.7% 102.7% 91.8% 75.9% Account receivable 100.0% 104.6% 108.0% 127.7% 142.9% inventory 100.0% 108.7% 103.9% 109.9% 112.2% total current assets 100.0% 106.8% 105.1% 114.1% 119.0% Current liabilities 100.0% 110.5% 108.4% 105.2% 126.3%
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