Business, 13.05.2021 19:00 asher456581
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
Sales $1,800,000 $1,980,000 $2,070,000 $2,160,000 $2,250,000
Cash $50,000 $65,000 $48,000 $40,000 $30,000
Accounts receivable, net 300,000 345,000 405,000 510,000 570,000
Inventory 600,000 660,000 690,000 720,000 750,000
Total current assets $950,000 $1,070,000 $1,143,000 $1,270,000 $1,350,000
Current liabilities $400,000 $440,000 $520,000 $580,000 $640,000
Required:
Express all of the asset, liability, and sales data in trend percentages.
Answers: 2
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Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consum...
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