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Current assets for two different companies at fiscal year-end are listed here. One company is a manufacturer and the other is a grocery distribution
Current assets for two different companies at fiscal year-end are listed here. One company is a manufacturer and the other is a grocery distribution company. Cash Account Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Company 1 Company 2 $ 6,000 $ 4,000 39,875 42,875 29,000 49,000 Accounts receivable, net 67,000 84,000 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. 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 < Req 1 Req 2A >
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