When we look out of balance sheet it gives us a picture of how much a company is worth. I do think it's very interesting that in example of non currents you do not mention intellectual property, which is prevalent in this day and age. I also find it interesting point that you discuss inventory in manufacturing and also merchandising but do not mention the service industry.

How different is the balance sheet for a service industry compared to manufacturing and merchandising? Is it important for investers to understand the differences? Explain