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40. Selected financial data for Wilmington Corporation is presented below. Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet begin{tabular}{|l|r|r|} hline
40. Selected financial data for Wilmington Corporation is presented below.
Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet \begin{tabular}{|l|r|r|} \hline Current Assets & & \\ \hline Cash and cash equivalents & $576,843 & $305,088 \\ \hline Marketable securities & 166,106 & 187,064 \\ \hline Accounts receivable (net) & 258,387 & 289,100 \\ \hline Inventories & 424,493 & 391,135 \\ \hline Prepaid expenses & 55,369 & 25,509 \\ \hline Other current assets & 83,053 & 85,029 \\ \hline Total Current Assets & 1,564,251 & 1,282,925 \\ \hline Property, plant and equipment & 1,384,217 & 625,421 \\ \hline Long-term investment & 568,003 & 425,000 \\ \hline Total Assets & $3,516,471 & $2,333,346 \\ \hline Current Liabilities & & \\ \hline Short-term borrowings & $306,376 & $170,419 \\ \hline Current portion of long-term debt & 155,000 & 168,000 \\ \hline Accounts payable & 254,111 & 286,257 \\ \hline Accrued liabilities & 273,658 & 166,983 \\ \hline Income taxes payable & 97,735 & 178,911 \\ \hline Total Current Liabilities & 1,086,880 & 970,570 \\ \hline Long-term debt & 500,000 & 300,000 \\ \hline Deferred income taxes & 215,017 & 262,404 \\ \hline Total Liabilities & 1,801,897 & 1,532,974 \\ \hline Common stock & $425,250 & $125,000 \\ \hline Additional paid-in capital & 356,450 & 344,335 \\ \hline Retained earnings & 932,874 & 331,037 \\ \hline Total Stockholders' Equity & 1,714,574 & 800,372 \\ \hline Total Liabilities and Stockholders' Equity & $3,516,471 & $2,333,346 \\ \hline & & \\ \hline \end{tabular} Wilmington Corporation's cash flow from operations to total debt ratio in Year 7 was: Select one: a. 0.81 b. 1.51 C. 2.22 d. 1.34 Step by Step Solution
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