Please help me. Thankyou. 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 companyAccountCashRaw materials inventoryMerchandise inventoryWork in process inventory.Finished goods inventoryAccounts receivable, netPrepaid expensesReq 1Req 2ACompany 1 Company 2$12,00047,00061,0004,500Required:1. Identify which set of numbers relates to the manufacturer and which to the merchandiser26. & 2b. Prepare the current asset section for each company from this informationComplete this question by entering your answers in the tabs below.Which of these company is manufacturerWhich of these company is a merchandiser$10,00044,00032,00052,00071,000900Reg 28Identify which set of numbers relates to the manufacturer and which to the merchandiser.

The current assets are the assets that can be converted into cash within one year. The current…

Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mig, 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 $12,000 47,000 61,000 4,500 $10,000 44,000 32,000 52,000 71,000 200 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser 26. & 2b. Prepare the current asset section for each company from this information

Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mig, 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 $12,000 47,000 61,000 4,500 $10,000 44,000 32,000 52,000 71,000 200 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser 26. & 2b. Prepare the current asset section for each company from this information

Financial & Managerial Accounting

14th Edition

ISBN:9781337119207

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Inventories

Section: Chapter Questions

Problem 2ADM: Costco, Walmart, Nordstrom: Inventory turnover and number of days sales in inventory The general...

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