The assets of Fonzarelli Corporation are presented (amounts in thousands).

FONZARELLI CORPORATION Statement of Financial Position (Partial) December 31, 2015
Assets
Current assets
Cash		100,000
Non-controlling interest		27,500
Trading securities (fair value 30,000) at cost		37,000
Accounts receivable (less bad debt reserve)		75,000
Inventoryat lower-of-cost (determined by the first-in, first-out method)-or-net realizable value		240,000
Total current assets		479,500
Tangible assets
Land (less accumulated depreciation)		80,000
Buildings and equipment	800,000
Less: Accumulated depreciation	250,000	550,000
Net tangible assets		630,000
Investments
Bonds		100,000
Treasury shares		70,000
Total investments		170,000
Other assets
Land held for future factory site		19,400
Sinking fund		975,000
Total other assets		994,400
Total assets		2,273,900

Instructions:

Indicate the deficiencies, if any, in the foregoing presentation of Fonzarelli Corporation's assets.