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Question (1): (14 marks) Selected financial data for Wilmington Corporation is presented belovw Wilmington Corporation Balance Sheet As of December 31, 2017 Dec. 31,2017 Dec.
Question (1): (14 marks) Selected financial data for Wilmington Corporation is presented belovw Wilmington Corporation Balance Sheet As of December 31, 2017 Dec. 31,2017 Dec. 31, 2016 urrent Assets Cash and cash equivalents Marketable securities Accounts receivable (net Inventories S 576,843 166,106 258,387 424,493 S 305,088 187,064 289,100 91,135 25,509 85,029 1,282,925 ex Other current assets Total Current Assets 83,053 1,564,251 Pro Long-term investment Total Assets lant and equi 1,384,217 568,003 S3,516,471 625,421 25,000 S2,333,346 Current Liabilitic Short-term borrowin Current portion of long-term debt Accounts payable Accrued liabilities Income taxes payable Total Current Liabilities S 306,376 155,000 254,111 273,658 97,735 1,086,880 S 170,419 168,000 286,257 166,983 178,911 970,570 Long-term debt Deferred income taxes Total Liabilities 500,000 215,017 1,801,897 300,000 262,404 $1,532,974 Common stock S 425,25 S 125,000 344.335 331,037 800,372 S2,333.346 Additional paid-in capital Retained earnin Total Stockholders'E Total Liabilities and Stockholders' Equ 356.450 932,874 1.714,574 S3,516.471
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