Rotorua Products, Limited, 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:SalesCashAccounts receivable, netInventoryTotal current assetsCurrent liabilitiesSalesCurrent assets:CashAccounts receivable, netInventoryTotal current assetsCurrent liabilitiesYear 1Year 1$ 4,605,600$ 83,426413,503802, 156$ 1,299,085$ 314,805%Required: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 2$ 4,920,740$ 105,450435, 011871,917$ 1,412,378$ 330, 231Year 2%%%%%%Year 3Year 4$ 5,004,600 $ 5,558,710$ 85,000 $ 78,108438,770510, 443826,498890, 227$ 1,350, 268 $ 1,478,778$ 335,898 $319,566Year 3%%%%%%Year 4%%%%%%Year 5$ 5,658,040$ 67,095560, 356911, 365$ 1,538,816$ 395,562Year 5%%%%%%

Trend analysis is one of the important tools used in decision making. Under this current year…

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: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 $ 4,605,600 $ 83,426 413,503 802,156 $ 1,299,085 $ 314,805 Year 2 $ 4,920,740 $ 105,450 435,011 871,917 $ 1,412,378 $ 330, 231 Year 3 Year 4 $ 5,004,600 $ 5,558,710 $ 85,000 438,770 826,498 $ 1,350,268 $ 335,898 $ $78,108 510, 443 890, 227 1,478,778 $ 319,566 Year 5 $ 5,658,040 $ 67,095 560, 356 911, 365 $ 1,538,816 $ 395,562

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: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 1 $ 4,605,600 $ 83,426 413,503 802,156 $ 1,299,085 $ 314,805 Year 2 $ 4,920,740 $ 105,450 435,011 871,917 $ 1,412,378 $ 330, 231 Year 3 Year 4 $ 5,004,600 $ 5,558,710 $ 85,000 438,770 826,498 $ 1,350,268 $ 335,898 $ $78,108 510, 443 890, 227 1,478,778 $ 319,566 Year 5 $ 5,658,040 $ 67,095 560, 356 911, 365 $ 1,538,816 $ 395,562

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 12P

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