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1. Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise
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Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Company i Company 2 $ 8,000 $ 6,000 45,375 48,375 Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses 33,000 53,000 75,000 56,000 3,500 700 Required: (1) Identify which set of numbers relates to the manufacturer and which to the merchandiser. (2) Prepare the current asset section for each company from this information. Complete this question by entering your answers in the tabs below. Reg 1 Req 2 Company Req 2 Company 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 2 Company 1 > Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 2 Company Company Prepare the current asset section for company 1 from this information. Company 1 Sunrise Foods Balance Sheet-Current Asset Section December 31, 2017 Total current assets Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 2 Company Company Prepare the current asset section for company 2 from this information. Company 2 Rayzer Skis Mfg. Balance Sheet-Current Asset Section December 31, 2017 Total current assetsStep by Step Solution
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