Question
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
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 | $3,420 | |
Marketable securities | 2,300 | |
Accounts receivable | 28,860 | |
Inventories | 37,640 | |
Plant and equipment | $65,100 | |
Less: Accumulated depreciation | 18,600 | |
Net plant and equipment | 46,500 | |
Total assets | $118,720 | |
Liabilities and Stockholders Equity | ||
Accounts payable | $14,430 | |
Current portion of long-term debt | 5,000 | |
Accrued wages | 1,200 | |
Accrued taxes | 3,700 | |
Other current liabilities | 1,600 | |
Long-term debt | 26,000 | |
Common stock ($15 par) | 25,500 | |
Capital contributed in excess of par | 21,800 | |
Retained earnings | 19,490 | |
Total liabilities and stockholders equity | $118,720 | |
What is Fishers 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
Determine Fishers 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.
$ thousand
Determine Fishers current ratio. Round your answer to two decimal places.
Determine Fishers return on stockholders equity if its Year 1 earnings after tax are $10,000(000). Round your answer to two decimal places.
%
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