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End-of-year current assets for two different companies follow. One is a manufacturer, Rayzer Skis Manufacturing, and the other, Sunrise Foods, is a merchandiser. Cash
End-of-year current assets for two different companies follow. One is a manufacturer, Rayzer Skis Manufacturing, and the other, Sunrise Foods, is a merchandiser. Cash Account Merchandise inventory Raw materials inventory Work in process inventory Company 1 $ 14,000 49,750 Company 21 $ 12,000 46,750 34,000 Finished goods inventory 54,000 Accounts receivable, net 67,000 73,000 Prepaid expenses 3,500 700 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a. & 2b. Prepare the current asset section of the balance sheet at December 31 for each company. 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.
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