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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							46,750
Merchandise inventory			49,750
Work in process inventory							34,000
Finished goods inventory							54,000
Accounts receivable, net			64,000				81,000
Prepaid expenses			4,000				800

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.

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.

Options

• Company 1
• Company 2

Options for Fiscal Year-End

• Accounts receivable
• Cash
• Finished goods inventory
• Merchandise inventory
• Prepaid expenses
• Raw materials inventory
• Work in process inventory

Options for Fiscal Year-End

• Accounts receivable
• Cash
• Finished goods inventory
• Merchandise inventory
• Prepaid expenses
• Raw materials inventory
• Work in process inventory

Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Identify which set of numbers relates to the manufacturer and which to the merchandiser. Which of these company is manufacturer Which of these company is a merchandiser Reg 1 Req 2A > Req 1 Reg 2A Req 2B Prepare the current asset section for Company 1 from this information. Sunrise Foods Balance Sheet-Current Asset Section Fiscal Year-end Total current assets Req 1 Req 2A Req 2B Prepare the current asset section for Company 2 from this information. Rayzer Skis Mfg. Balance Sheet-Current Asset Section Fiscal Year-end Total current assets

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