6 Rotorua Products, Ltd., of New Zealand markets agricultural products for the b
ID: 2526272 • Letter: 6
Question
6 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 $4,580,310 $ 4,805,020 $5,084,410 $5,496, 330 $5, 686,520 Sales Cash Accounts receivable, net Inventory Total current assets $ 98,248 $ 95,376 $ 87,302 79,656 71,558 570,174 913,060 $1,314,963 $1,381,537$1,349,597 $1,490,698 $1,554,792 414,329 802,386 419,883 866.278 442,213 820,082 515, 008 896,034 points Current liabilities $ 319,917 330,548 325,486 324,182 406,820 eBook 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., 01234 should be entered as 12.3).) References Year 1 Year 2 Year 3 Year 4 Year 5 Sales Current assets Cash Accounts receivable Inventory Total current assets Current liabilitiesExplanation / Answer
Year 1 % Year 1 Year 2 % Year 2 Year 3 % Year 3 Year 4 % Year 4 Year 5 % Year 5 Sales $ 45,80,310 100% $ 48,05,020 104.9% $ 50,84,410 111.0% $ 54,96,330 120.0% $ 56,86,520 124.2% Current Assets Cash $ 98,248 100% $ 95,376 97.1% $ 87,302 88.9% $ 79,656 81.1% $ 71,558 72.8% Account Receivable $ 4,14,329 100% $ 4,19,883 101.3% $ 4,42,213 106.7% $ 5,15,008 124.3% $ 5,70,174 137.6% Inventory $ 8,02,386 100% $ 8,66,278 108.0% $ 8,20,082 102.2% $ 8,96,034 111.7% $ 9,13,060 113.8% total Current Assets $ 13,14,963 100% $ 13,81,537 105.1% $ 13,49,597 102.6% $ 14,90,698 113.4% $ 15,54,792 118.2% Cuurent liabilities $ 3,19,917 100% $ 3,30,548 103.3% $ 3,25,486 101.7% $ 3,24,182 101.3% $ 4,06,820 127.2%
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