Question
Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Selected Balance Sheet Items As of December 31, 2017 Dec. 31, 2017 Dec. 31,
Selected financial data for Wilmington Corporation is presented below.
WILMINGTON CORPORATION Selected Balance Sheet Items As of December 31, 2017 |
| Dec. 31, 2017 | Dec. 31, 2016 |
Current Liabilities |
|
|
Short-term debt | $ 461,376 | $ 339,419 |
Accounts payable | 254,111 | 286,257 |
Accrued liabilities | 273,658 | 166,983 |
Income taxes payable | 97,735 | 178,911 |
Total Current Liabilities | 1,086,880 | 970,570 |
|
|
|
Long-term debt | 500,000 | 300,000 |
Deferred income taxes | 215,017 | 262,404 |
Total Liabilities | 1,801,897 | $1,532,974 |
|
|
|
Selected Statement of Cash Flow Data for the year ending December 31, 2017 : |
Cash flows from operations |
| $1,456,084 |
Capital expenditures (CAPEX) |
| $ 745,862 |
Wilmington Corporations free operating cash flow to total debt ratio in 2017 was:
1.57 | ||
0.80 | ||
0.74 | ||
1.92 |
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