Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet Dec 31, Year 7 Dec. 31, Year 6 $519,159 166,106 232,548 382,044 49,832 83,053 1,432,742 1,384,217 568,003 $3,384,962 $274,579 187,064 260,190 352.022 22958 85,029 1.181,842 625,421 425,000 $2,232, 263 Current Assets Cash and cash equivalents Marketable securities Accounts receivable (net) Inventories Prepaid expenses Other current assets Total Current Assets Property, plant and equipment Long-term investment Total Assets Current Liabilities Short-term borrowings Current portion of long-term debt Accounts payable Accrued liabilities Income taxes payable Total Current Liabilities Longterm debt Deferred income taxes Total Liabilities Common stock Additional paid in capital Retained earnings $306,376 155.000 228,700 246.292 87.962 1,024 330 500,000 193515 1.717,845 5425.250 356,450 885.417 $170,419 168,000 257,631 150,285 161,020 907,355 300,000 236,164 1,443,519 $125,000 344 335 319,409 Common stock Additional paid in capital Retained earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $425,250 356,450 885,417 1.667, 117 53,384.962 $125.000 344,335 319,409 788,744 $2.232.263 Selected Income Statement Data for the year ending December 31, Year 7 Net sales Cost of goods sold Selling expenses Operating income Interest expense Earnings before income taxes Income tax expense Net income $4,885,340 (2,978,182) (884,685) 1.022473 (55,240) 967.233 (401.225) $566,008 Selected Statement of Cash Flow Data for the year ending December 31, Year 7 Cash flows from operations Capital expenditures Required $1,310,476 $745,862 Wilmington Corporation's return on equity in Year 7 was: Select one COSTOS SOT Selling expenses Operating income Interest expense Earnings before income taxes Income tax expense Net income (884,685) 1,022.473 (55,240) 967,233 (401,225) $566,008 Selected Statement of Cash Flow Data for the year ending December 31. Year 7 Cash flows from operations Capital expenditures Required $1,310,476 $745,862 Wilmington Corporation's return on equity in Year 7 was: Select one: a. 46.19 b. 34.0% c. 20.2% d. 16.7%