Current assets for two different companies at calendar year- end 2013 are listed here. One is a manufacturer, Salomon Skis Mfg., and the other, Sun Fresh Foods, is a grocery distribution company.
(1) Identify which set of numbers relates to the manufacturer and which to the merchandiser.
(2) Prepare the current asset section for each company from this information.
Discuss why the current asset section for these two companies isdifferent.

Account Company 2 Company I 7.000 45,000 $5.000 42.000 Raw materials inventory Merchandise inventory. 30,000 50,000 75,000 process inventory Finished goods inventory Accounts receivable, net...v.... 62,000 1.500 900