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Exercise 14-7 Balance sheet identification and preparation LO C4 The following information applies to the questions displayed below Current assets for two different companies at

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Exercise 14-7 Balance sheet identification and preparation LO C4 The following information applies to the questions displayed below Current assets for two different companies at fiscal year-end 2015 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 $8,000$6,000 Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses 4.25041.250 30,000 50,000 80,000 800 69,000 4,000

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