Question: Selected data for three companies are given below. All inventory amounts are ending balances and all amounts are in millions. 1(Click the icon to view

Selected data for three companies are given below. All inventory amounts are ending balances and all amounts are in millions.

1(Click

the icon to view the data.)

Requirement

Using the above data, calculate total current assets for each company. (If a box is not used in the table, leave the box empty; do not select a label or enter a zero. Enter amounts in millions as provided to you in the problem statement, $X.)

Begin by calculating total current assets for Company A.

Cash

$10

Finished Goods Inventory

5

Work-in-Process Inventory

1

Accounts Receivable

12

Raw Materials Inventory

1

Total current assets

$29

Now calculate total current assets for Company B.

(1) Cash

$29

(2)

(3)

(4)

(5) Accounts Receivable

Total current assets

Finally, calculate total current assets for Company C.

(6)

(7)

(8)

(9)

(10)

Total current assets

1: Data Table

Company A

Company B

Company C

Cash

$10

Wages Expense

$14

Administrative Expenses

$5

Net Sales Revenue

35

Equipment

24

Cash

9

Finished Goods Inventory

5

Accounts Receivable

7

Net Sales Revenue

82

Cost of Goods Sold

21

Service Revenue

41

Selling Expenses

2

Selling Expenses

1

Cash

29

Merchandise Inventory

18

Equipment

62

Rent Expense

11

Equipment

54

Work-in-Process Inventory

1

Accounts Receivable

11

Accounts Receivable

12

Cost of Goods Sold

33

Cost of Goods Manufactured

26

Administrative Expenses

3

Raw Materials Inventory

1

(1)

Accounts Receivable

Cash

Equipment

Rent Expense

Service Revenue

Wages Expense

(2)

Accounts Receivable

Cash

Equipment

Rent Expense

Service Revenue

Wages Expense

(3)

Accounts Receivable

Cash

Equipment

Rent Expense

Service Revenue

Wages Expense

(4)

Accounts Receivable

Cash

Equipment

Rent Expense

Service Revenue

Wages Expense

(5)

Accounts Receivable

Cash

Equipment

Rent Expense

Service Revenue

Wages Expense

(6)

Accounts Receivable

Administrative Expenses

Cash

Cost of Goods Sold

Equipment

Merchandise Inventory

Net Sales Revenue

Selling Expenses

(7)

Accounts Receivable

Administrative Expenses

Cash

Cost of Goods Sold

Equipment

Merchandise Inventory

Net Sales Revenue

Selling Expenses

(8)

Accounts Receivable

Administrative Expenses

Cash

Cost of Goods Sold

Equipment

Merchandise Inventory

Net Sales Revenue

Selling Expenses

(9)

Accounts Receivable

Administrative Expenses

Cash

Cost of Goods Sold

Equipment

Merchandise Inventory

Net Sales Revenue

Selling Expenses

(10)

Accounts Receivable

Administrative Expenses

Cash

Cost of Goods Sold

Equipment

Merchandise Inventory

Net Sales Revenue

Selling Expenses

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