Business, 10.12.2021 22:10 kayla232734
"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
Business, 22.06.2019 11:10, evansh78
Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?
Answers: 3
Business, 22.06.2019 20:20, Hi123the
Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44
Answers: 2
Business, 22.06.2019 20:30, Roof55
When patey pontoons issued 4% bonds on january 1, 2018, with a face amount of $660,000, the market yield for bonds of similar risk and maturity was 5%. the bonds mature december 31, 2021 (4 years). interest is paid semiannually on june 30 and december 31?
Answers: 1
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