Please help me solve these practice problems! Show work so I can solve the real

Question

Please help me solve these practice problems! Show work so I can solve the real problems! Thank you in advance!

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 2 Year 3 ear ear ear Sales $4,591,060 $4,904,750 $5,098,470 $5,506,090 $5,656,890 Cash Accounts receivable, net Inventory $ 93,536 $ 91,733 $ 97,418 $ 85,026 S 67,189 563,788 915,911 413,580 806,686 431,069 876,365 433,016 834,445 496,608 892,023 Total current assets $1,313,802 $1,399,167 $1,364,879 $1,473,657 $1,546,888 Current liabilities $ 304,768 S 342,113 S 330,452 $ 333,839 $ 403,142 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., 0.1234 should be entered as 12.3).) ear 1 Year 2 Year 3 ear 4 Year 5 Sales Current assets Cash Accounts receivable Inventory Total current assets Current liabilities

Explanation / Answer

Year 1 is Base Year, Its percentage will be 100% for sales, assets and liabilities.

For the next year to calculate % we have to divide Next Year's data by Base year's (Year 1) Data.

Example

Year 2 Sales% : (4904750/4591060)*100 106.8 Current Assets Cash: (91733/93536)*100 98.1 Account receivable: (431069/413580)*100 104.2 Inventory: (876365/806686)*100 108.6 Total Current Assets: (1399167/1313802)*100 106.5 Current Liabilities: (342113/304768)*100 112.3

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