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.

Account	Company 1				Company 2
Cash		$	15,000			$	13,000
Raw materials inventory							45,375
Merchandise inventory			48,375
Work in process inventory							33,000
Finished goods inventory							53,000
Accounts receivable, net			68,000				83,000
Prepaid expenses			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.

• Req 1
• Req 2 Company 1
• Req 2 Company 2

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

• Req 2 Company 1
• Req 2 Company 2

Prepare the current asset section for company 1 from this information.

Company 1
Sunrise Foods
Balance SheetCurrent Asset Section
December 31, 2017
Total current assets

• Req 2 Company 2

Prepare the current asset section for company 2 from this information.

Company 2
Rayzer Skis Mfg.
Balance SheetCurrent Asset Section
December 31, 2017
Total current assets