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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 manufacturer Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Cash Raw materials Inventory Merchandise Inventory Work in process Inventory Finished goods Inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $ 7.000 $5,000 42.000 45.000 30,000 50.000 62,000 75.000 1,500 900 value: 5.26 points (1-a) Based on the amounts, identify which of these company is manufacturer Company 1 Company 2 (1.b) Based on the amounts, identify which of these company is a merchandiser Company 1 Company 2
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