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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
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 manufactu Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Company 1 Company 2 $ 7,000 $ 5,000 42,000 Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses 45,000 30,000 50,000 75,000 900 62,000 1,500 value: Required information 5.26 points (1-a) Based on the amounts, identify which of these company is manufacturen Company1 Company2 (1-b) Based on the amounts, identify which of these company is a merchandiser Company1 Company 2 Hints References eBook & Resources Hint #1
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