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58%- 8:50 am elearning.afu.ac.ae Dear Sudents You are reguested to answer the folowing case study in details; and be ready to discss your answer in
58%- 8:50 am elearning.afu.ac.ae Dear Sudents You are reguested to answer the folowing case study in details; and be ready to discss your answer in the class rime at due date assigned on the cover page. Wish you all the best; Question (1): (14 marks) Selected financial data for Wilmington Corporation is presented below Balance Sheet As of December 31, 2017 16 Cash and cash cquivalents Marketable securitics Accounts receivable S 576,843 166,106 258,387 424.493 5,369 83,053 S 305,088 87,064 289,100 391,135 25.509 85,029 Prepaid expenses Other current assets Total Current Assets 1384,217 568,003 S3,516,471 Property, plant and 625,421 Total Asscts $2,333,346 Short-term borrowings Currenm portion of long-term debt Accounts payable 306,376 155,000 254.111 S 170,419 168,000 286.257 Accrued liabilities 66,983 178,911 570 97,735 Income taxes payable Total Current Liabilities Long-term debt Deferred income taxes Total Liabilities 500,000 215,017 300,000 262,404 1,532,974 801,897$ Common stock Additional paid-in capital Retained Total Stockholders' Equity Total Liabilities and Stockholders 425,250 356,450 932,874 1,714,574 $3,516,471 S 123,000 344.335 31,037 800,372
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