The Fisher Apparel Company balance sheet for the year ended 2010 is as follows:

December 31, 2010 (in Thousands of Dollars)
Assets Cash $ 3,810 Marketable securities 2,700 Accounts receivable 27,480 Inventories 41,295 Plant and equipment $64,650 Less Accumulated depreciation 17,100 Net plant and equipment 47,550 Total assets $122,835 Liabilities and Stockholders’ Equity Accounts payable $ 14,582 Current portion of long-term debt 3,000 Accrued wages 1,200 Accrued taxes 3,600 Other current liabilities 2,200 Long-term debt 33,000 Common stock ($10 par) 19,500 Capital contributed in excess of par 15,000 Retained earnings 30,753 Total liabilities and stockholders’ equity $122,835

a. What is Fisher’s investment in current assets?
•b. Determine Fisher’s working capital investment.

c. Determine Fisher’s current ratio.

d. Determine Fisher’s return on stockholders’ equity if its 2010 earnings after tax are $10,000(000). LO1