Company A Company B Company C Cash Net Sales Revenue Wages Experse $ 12 Administrative Expenses 48 32 Cash 25 Equipment Finished Goods Inventory Cost of Goods Sold Selling Expenses Equipment 10...

Use the following data for Exercises E16-16, E16-17, and E16-18.

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

Identifying differences between service, merchandising, and manufacturing companies

Using the above data, determine the company type. Identify each company as a service company, merchandising company, or manufacturing company.

Extracted text: Company A Company B Company C Cash Net Sales Revenue Wages Experse $ 12 Administrative Expenses 48 32 Cash 25 Equipment Finished Goods Inventory Cost of Goods Sold Selling Expenses Equipment 10 Accounts Receivable 23 Service Revenue Net Sales Revenue 75 65 Selling Expenses 34 Merchandise Inventory 12 Cash Rent Expense 67 12 55 work-in-Process Inventory Accounts Recelvable Equipment Accounts Receivable 19 14 23 Cost of Goods Sold 25 Cost of Goods Manufactured Administrative Expenses Raw Materials Inventory