Do not give answer in image HcesCurrent assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg, and the other,Sunrise Foods, is a grocery distribution company.AccountCashRaw materials inventoryMerchandise AnventoryWork in process inventoryFinished goods inventoryAccounts receivable, netPrepaid expensesCompany Company 2$10,000 $ 11,00037,32540, 12567,0005,000Required:1. Identity which set of numbers relates to the manufacturer and which to the merchandiser.2a. & 2b. Prepare the current asset section for each company from this informationReg 2A27,00047,00078,0001,000Complete this question by entering your answers in the tabs below.Which of these company is manufacturerWhich of these company is a merchandiserReq 1Req 28Identify which set of numbers relates to the manufacturer and which to the merchandiser

Current assets are assets in the form of cash or can be converted into cash within a year.A balance…

Current assets for two different companies at fiscal year-end 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 Req 1 Company 1 Company 2 $10,000 $8,000 37,125 40,125 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a. & 2b. Prepare the current asset section for each company from this information. Req 2A Complete this question by entering your answers in the tabs below. 67,000 5,000 Req 28 27,000 47,000 78,000 1,000 Which of these company is manufacturer Which of these company is a merchandiser Identify which set of numbers relates to the manufacturer and which to the merchandiser

Current assets for two different companies at fiscal year-end 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 Req 1 Company 1 Company 2 $10,000 $8,000 37,125 40,125 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a. & 2b. Prepare the current asset section for each company from this information. Req 2A Complete this question by entering your answers in the tabs below. 67,000 5,000 Req 28 27,000 47,000 78,000 1,000 Which of these company is manufacturer Which of these company is a merchandiser Identify which set of numbers relates to the manufacturer and which to the merchandiser

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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