Example 2.2 S2-1 Identify type of company from balance sheets Learning Objective 1) The current asset sections of the balance sheets of three companies follow. Which company is a service company? Which is a merchandiser? Which is a manufacturer? How can you tell? Flash Company Zippy Company Woody Company Cash $ 2,000 Cash $ 2,500 Cash $3,000 Accounts receivable 5,000 Accounts receivable 5,500 Accounts receivable 6,000 Raw materials inventory 1,000 Inventory 8,000 Prepaid expenses 500 Work in process inventory 800 Prepaid expenses 300 Total $9,500 Finished goods inventory 4.000 Total $16,300 Total $12,800