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eBook The Fisher Apparel Company balance sheet for the year ended Year 1 is as follows: December 31, Year 1 (in Thousands of Dollars)
eBook The Fisher Apparel Company balance sheet for the year ended Year 1 is as follows: December 31, Year 1 (in Thousands of Dollars) Assets Cash $3,450 Marketable securities 2,900 Accounts receivable 24,100 Inventories 44,5901 Plant and equipment $71,050 Less: Accumulated depreciation 15,700 Net plant and equipment 55,350 Total assets $130,390 Liabilities and Stockholders' Equity Accounts payable $13,772 Current portion of long-term debt 2,000 Accrued wages 1,300 Accrued taxes 4,000 Other current liabilities 1,700 Long-term debt 27,000 Common stock ($10 par) 16,000 Capital contributed in excess of par 12,100 Retained earnings 52,518 Total liabilities and stockholders' equity $130,390 a. What is Fisher's investment in current assets? Round your answer to the nearest whole number. Enter your answer in thousands. For example, an answer of $1.20 thousand should be entered as 1.20, not 1,200. $ thousand b. Determine Fisher's working capital investment. Round your answer to the nearest whole number. Enter your answer in thousands. For example, an answer of $1.20 thousand should be entered as 1.20, not 1,200
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