Problem

Current assets for two different companies at calendar year-end 2009 are listed here. On...

Current assets for two different companies at calendar year-end 2009 are listed here. One is a manufacturer, Nordic Skis Mfg., and the other, 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 is different.

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