Current assets for two different companies at calendar year-end 2013 are listed here. One
Company 1
Company 2
10,000
$
8,000
$
---
45,375
48,375
---
---
33,000
---
53,000
64,000
66,000
3,500
700
1
(1a) Based on the amounts, identify which company is a manufacturer.
Company 2
Company 1
(1b) Based on the amounts, identify which company is a merchandiser.
Company 2
Company 1
2
10,000
$
64,000
48,375
3,500
125,875
$
Accounts receivable, net
Prepaid expenses
Company 1
Sun Fresh Foods
Account
Cash
Raw materials inventory
Merchandise inventory
Goods in process inventory
Finished goods inventory
Current Asset Section
December 31, 2013
Current assets:
Cash
Accounts receivable, net
Total current assets
Current assets:
Cash
Accounts receivable, net
Raw materials inventory
Goods in process inventory
Finished goods inventory
Prepaid expenses
Merchandise inventory
Prepaid expenses
Total current assets
Company 2
Salomon Skis Mfg.
Current Asset Section
December 31, 2013
e is a manufacturer, Salomon Skis Mfg., and the other, Sun Fresh Foods, is a grocery distribution compan
8,000
$
66,000
45,375
33,000
53,000
700
206,075
$
y
Garcia
Company
Culpepper
