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Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet As of December 3 1 , 2 0 1 7 Dec. 3

Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet As of December 31,2017 Dec. 31,2017 Dec. 31,2016 Current Assets Cash and cash equivalents $576,843 $ 305,088 Marketable securities 166,106187,064 Accounts receivable (net)258,387289,100 Inventories 424,493391,135 Prepaid expenses 55,36925,509 Other current assets 83,05385,029 Total Current Assets 1,564,2511,282,925 Property, plant and equipment 1,384,217625,421 Long-term investment 568,003425,000 Total Assets $3,516,471 $2,333,346 Current Liabilities Short-term borrowings $ 306,376 $ 170,419 Current portion of long-term debt 155,000168,000 Accounts payable 254,111286,257 Accrued liabilities 273,658166,983 Income taxes payable 97,735178,911 Total Current Liabilities 1,086,880970,570 Longterm debt 500,000300,000 Deferred income taxes 215,017262,404 Total Liabilities 1,801,897 $1,532,974 Common stock $ 425,250 $ 125,000 Additional paid-in capital 356,450344,335 Retained earnings 932,874331,037 Total Stockholders' Equity 1,714,574800,372 Total Liabilities and Stockholders' Equity $3,516,471 $2,333,346 Selected Income Statement Data - for the year ending December 31,2017: 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 ) Net income $ 601,837 Selected Statement of Cash Flow Data - for the year ending
December 31,2017: Cash flows from operations $1,456,084 Capital expenditures $745,862 Wilmington Corporation's quick ratio in 2017 was: and time interest earned ratio.
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