Wilmington Corporation Selected Balance Sheet items As of December 31, 2017 ...

70.2K

Verified Solution

Question

Accounting

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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students