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QUESTION 9 4 points Selected financial data for Wilmington Corporation is presented below. Wilmington Corporation's quick ratio charged by what percentage from 2018 to 2019?
QUESTION 9 4 points Selected financial data for Wilmington Corporation is presented below. Wilmington Corporation's quick ratio charged by what percentage from 2018 to 2019? Wilmington Corporation Balance Sheet As of December 31, 2019 Dec 31, 2019 Dec 31, 2018 Current Assets Cash and cash equivalents Marketable securities Accounts receivable (net) Inventories Prepaid expenses Other current assets Total Current Assets $ 576,843 166,106 258,387 424,493 55,369 83053 1.564.251 $ 305,088 187,064 289.100 391,135 25,509 85,029 1,282,925 Property, plant and equipment Long-term investment Total Assets 1,384,217 568,003 $3.516,471 625,421 425,000 52,333,346 Current Liabilities Short-term borrowings Current portion of long-term debt Accounts payable Accrued liabilities Income taxes payable Total Current Liabilities $ 306,376 155,000 254,111 273,658 97,736 1,086,880 $ 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 Total Current Liabilities 1,086,880 970,570 Long-term debt Deferred income taxes Total Liabilities 500,000 215,017 1,801,897 300,000 262,404 $1,532,974 Common stock Additional paid-in capital Retained earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 425,250 356,450 932,874 1,714,574 $3,516,471 $ 125,000 344,335 331,037 800,372 $2,333,346 Selected Income Statement Data for the year ending. December 31, 2019: Net sales $4,885,340 Cost of goods sold (2,942,353) Selling expenses (884,685) Operating income 1,058,302 Interest expense (55,240) Earnings before income taxes 1,003,062 Income tax expense (401,225) Net income $ 601,837 +15,0% +87.0% + 9.1% - 8.5%
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