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tually repaid the Use the following data for Exercises E18-17, E18-18, and E18-19. Selected data for three companies are given below. All inventory amounts
tually repaid the Use the following data for Exercises E18-17, E18-18, and E18-19. Selected data for three companies are given below. All inventory amounts are e balances and all amounts are in millions. ending Company B Company C Company A Cash $ 5 Wages Expense $ 16 Administrative Expenses $5 35 Cash Sales Revenue 28 Equipment Sales Revenue Finished Goods Inventory 1 Accounts Receivable Cost of Goods Sold 21 Service Revenue Selling Expenses 2 Cash Equipment 19 54 Selling Expenses 68 Rent Expense Work-in-Process Inventory 1 Accounts Receivable 6 Cost of Goods Manufactured 20 manufacturing Company 14 Merchandise Inventory Equipment Accounts Receivable Cost of Goods Sold Administrative Expenses 1 Service Company Raw Materials Inventory 10 ing Objective 2 ing Objective 2 Company B: $29 ing Objective 2 Company C: $51 E18-17 Identifying differences between service, merchandising, and manufacturing companies Using the above data, determine the company type. Identify each company as a service company, merchandising company, or manufacturing company. E18-18 Identifying differences between service, merchandising, and manufacturing companies Using the above data, calculate operating income for each company. E18-19 Identifying differences between service, merchandising, and manufacturing companies Using the above data, calculate total current assets for each company.
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