Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet Dec. 31, Year 7 Dec. 31, Year 6 Current Assets Cash and cash equivalents $548,001 $289,834 Marketable securities 166,106 187,064 Accounts receivable (net) 245,468 274,645 Inventories 403,268 371,578 Prepaid expenses 52,601 24,234 Other current assets 83,053 85,029 Total Current Assets 1,498,497 1,232,384 Property, plant and equipment 1,384,217 625,421 Long-term investment 568,003 425,000 Total Assets $3,450,717 $2,282,805 Current Liabilities Short-term borrowings $306,376 $170,419 Current portion of long-term debt 155,000 168,000 Accounts payable 241,405 271,944 Accrued liabilities 259,975 158,634 Income taxes payable 92,848 169,965 Total Current Liabilities 1,055,604 938,962 Long-term debt 500,000 300,000 Deferred income taxes 204,266 249,284 Total Liabilities 1,759,870 1,488,246 Common stock $425,250 $125,000 Additional paid-in capital 356,450 344,335 Retained earnings 909,147 325,224 Total Stockholders' Equity 1,690,847 794,559 Total Liabilities and Stockholders' Equity $3,450,717 $2,282,805 Selected Income Statement Data for the year ending December 31, Year 7 Net sales $4,885,340 Cost of goods sold (2,960,267) Selling expenses (884,685) Operating income 1,040,388 Interest expense (55,240) Earnings before income taxes 985,148 Income tax expense (401,225) Net income $583,923 Selected Statement of Cash Flow Data for the year ending December 31, Year 7 Cash flows from operations $1,383,280 Capital expenditures $745,862 Required Wilmington Corporation’s cash flow from operations to total debt ratio in Year 7 was: