Question
Wilmington Corporation Selected Balance Sheet items As of December 31, 2017 Dec. 31, 2017 Dec. 31, 2016 Current Liabilities Short-term borrowings $ 306,376 $ 170,419
Wilmington Corporation Selected Balance Sheet items As of December 31, 2017 |
| Dec. 31, 2017 | Dec. 31, 2016 |
Current Liabilities |
|
|
Short-term borrowings | $ 306,376 | $ 170,419 |
Current portion of long-term debt | 155,000 | 168,000 |
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 |
|
|
|
Common stock | $ 425,250 | $ 125,000 |
Additional paid-in capital | 356,450 | 344,335 |
Retained earnings | 932,874 | 331,037 |
Total Stockholders Equity | 1,714,574 | 800,372 |
Total Liabilities and Stockholders Equity | $3,516,471 | $2,333,346 |
Wilmington Corporations total debt to equity ratio in 2017 was:
1.31 | ||
0.38 | ||
0.56 | ||
0.29 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started