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Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods,
Current assets for two different companies at fiscal year-end 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 Raw materials inventory Merchandise inventory Work in process inventory $ 9,000 $ 7,000 45,375 48,375 33,000 Finished goods inventory 53,000 Accounts receivable, net 64,000 67,000 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 28 Prepare the current asset section for Company 1 from this information. Sunrise Foods Balance Sheet-Current Asset Section Fiscal Year-end Total current assets $ 0
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