Exercise $1-11($Algo$)$ Balance sheet identification and preparation LO P$1$

End$-$of$-$year current assets for two different companies follow. One is a manufacturer, Rayzer Skis

Manufacturing, and the other, Sunrise Foods, is a merchandiser.

Identify which set of numbers relates to the manufacturer and which to the merchandiser.

$2a.$&$2b.$ Prepare the current asset section of the balance sheet at December $31$ for each company.

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