Exercise 14-7 (Algo) Trend Percentages [LO14-1]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 assetsCashAccounts receivable, netInventoryTotal cument assetsCurrent liabilitiesYear 1$4,527,398$83,250412,866818,166$1,314,282$ 303,132Year 1Year 2Year 2$4,807,280$ 93,978420,303876,790$ 1,391,071$ 332,069%Year 3Required: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 (ie, 0.1234 should be entered as 12.3))%%%%Year 3$ 5,142,948Year 4$ 94,093450,587817,698$ 1,362,378$ 342,291%%%Year 4$ 5,596,280Year 5$ 80,627515,215887,668$ 1,483,518$ 323,721Year 5$5,742,820$ 69,051579,932988,612$1,557,595$ 395,781

>Trend Percentage Analysis is one of the analysis of the financial statements, where the results…

Answered: Exercise 14-7 (Algo) Trend Percentages…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

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Trend Percentages 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: 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 and carry computations to one decimal place. 2. Comment on the results of your analysis.
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