Question: Check my work Current assets for two different companies at fiscal year-end are listed here. One is a manutacturer, Rayzer Skis Mtg., and the other,
Check my work Current assets for two different companies at fiscal year-end are listed here. One is a manutacturer, Rayzer Skis Mtg., and the other, Sunrise Foods, is a grocery distribution company Account Company 1 Company 2 Cash $ 7,000 $ 5,000 Raw materials inventory 42,000 Merchandise inventory 45,000 Work in process inventory 30,000 Finished goods inventory 50,000 Accounts receivable, net 62,000 75,000 Prepaid expenses 1,500 900 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. Complete this question by entering your answers in the tabs below. Req 1 Reg 2A Req 2B Prepare the current asset section for Company 1 from this information. Sunrise Foods Balance Sheet-Current Asset Section Fiscal Year-end
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