Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet As of December 31. Year 7 Year 6 Cash and cash $ equivalents 634,527 $ 335,597 Marketable securities 166,106 187,064 Accounts receivable (net) 284,226 318,010 Inventories 466,942 430,249 Prepaid expenses 60,906 28,060 Other current assets 83,053 85,029 Property, plant and equipment 1,384,217 625,421 Long-term investment 568,003 425,000 Total Assets $3,647,980 $2,434 430 Short-term borrowings Current portion of long- term debt $ 306,376 $ 170,419 155,000 168,000 Accounts payable Accrued liabilities Income taxes payable Long-term debt 279,522 314,883 301,024 183,681 107,509 196,802 500,000 300,000 Deferred income taxes 236,519 288,644 Total Liabilities $1,885,950 $1,622,429 Common stock $ 425,250 $ 125,000 Additional paid-in capital 356,450 344,335 Retained earnings 980,330 342,666 Total Stockholders' Equity 1,762,030 812,001 Total Liabilities and Stockholders' Equity $3,647,980 $2,434,430 Selected Income Statement Data for the year ending December 31, Year 7: Net sales Cost of goods sold Selling expenses Interest expense Earnings before income taxes Income tax expense Net income Wilmington Corporation's current ratio in Year 7 was: A) 1.93 12. 27606 B) c) D) 0.68 1.48 0.90 $4,885,340 (2,906,526) (884,685) (55,240) 1,038,889 (401,225) $ 637,664