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(2) Prepare the current asset section for each company from this information. Company 1 Sunrise Foods Balance Sheet-Current Asset Section December 31, 2015 Total current
(2) Prepare the current asset section for each company from this information. Company 1 Sunrise Foods Balance Sheet-Current Asset Section December 31, 2015 Total current assets Company 2 Rayzer Skis Mfg. Balance Sheet-Current Asset Section December 31, 2015 Total current assets [The following information applies to the questions displayed below.) Current assets for two different companies at fiscal year-end 2015 are listed here. One is a manufacturer Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Cash Raw materials Inventory Merchandise Inventory Work in process Inventory Finished goods Inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $ 7.000 $ 5.000 42.000 45.000 30,000 50.000 62.000 75.000 1,500 900 value: 5.26 points (1-a) Based on the amounts, identify which of these company is manufacturer Company 1 Company 2 (1-b) Based on the amounts, identify which of these company is a merchandiser Company 1 Company 2
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