Solution-What is fisher investment in current assets

What is fisher investment in current assets

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Reference no: EM133164608

Question - The Fisher Apparel Company balance sheet for the year ended Year 1 is as follows:

December 31, Year 1(in Thousands of Dollars)
December 31, Year 1(in Thousands of Dollars)

Assets
Cash		$4,160
Marketable securities		2,700
Accounts receivable		28,740
Inventories		43,975
Plant and equipment	$58,900
Less: Accumulated depreciation	18,000
Net plant and equipment		40,900
Total assets		$120,475
Liabilities and Stockholders' Equity
Accounts payable		$10,546
Current portion of long-term debt		3,000
Accrued wages		1,500
Accrued taxes		4,500
Other current liabilities		2,700
Long-term debt		38,000
Common stock ($10 par)		18,000
Capital contributed in excess of par		14,200
Retained earnings		28,029
Total liabilities and stockholders' equity		$120,475

Required -

What is Fisher's investment in current assets?

Determine Fisher's working capital investment.

Determine Fisher's current ratio. Round your answer to two decimal places.

Determine Fisher's return on stockholders' equity if its Year 1 earnings after tax are $11,000(000).

Reference no: EM133164608

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What is fisher investment in current assets

Reference no: EM133164608

Reference no: EM133164608

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