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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. Account Cash Raw materials inventory Company 1 $ 5,000 Company 2. $ 3,000 42,625 Merchandise inventory Work in process inventory Finished goods inventory 45,625 31,000 51,000 Accounts receivable, net Prepaid expenses 59,000 83,000 3,000 600 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 28 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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