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

Academic Writing accounting, business-managerial-accounting 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

accounting, business-managerial-accounting

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

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 5 Year 4 Year 3 Year 2 Year 1 Sales ……………………………….. $NZ2,250,000 $NZ2,160,000 $NZ2,070,000 $NZ1,980,000 $NZ1,800,000 Cash ……………………………….. $NZ 30,000 $NZ 40,000 $NZ 48,000 $NZ 65,000 $NZ 50,000 Accounts receivable, net ……. 570,000 510,000 405,000 345,000 300,000 Inventory ………………………….. 750,000 720,000 690,000 660,000 600,000 Total current assets …………… $NZ1,350,000 $NZ1,270,000 $NZ1,143,000 $NZ1,070,000 $NZ 950,000 Current liabilities ……………….. $NZ 640,000 $NZ 580,000 $NZ 520,000 $NZ 440,000 $NZ 400,000 $NZ stands for New Zealand dollars. 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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