Business, 17.04.2020 05:21 vic2nvsty

Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Company 1 Company 2 Cash $ 11,000 $ 9,000 Raw materials inventory — 39,875 Merchandise inventory 42,875 — Work in process inventory — 29,000 Finished goods inventory — 49,000 Accounts receivable, net 56,000 75,000 Prepaid expenses 4,500 900 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a. & 2b. Prepare the current asset section for each company from this information.

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Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer...

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