NEED ASAP PLEASE
Using the following financial statements, calculate the Times Interest Earned' Ratio for the 2020 fiscal year ended December 31, 2020. Financial statements for United Parcel Services, Inc. 0.2 times O 3.6 times O 1.9 times O 5.1 times UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (In millions) December 31 2020 2019 ASSETS 5,910 5 Current Assets Cail and chequivalents Marketable securities Accounts receivable Les Allowance for credit losses 406 10,888 3.238 503 9,645 (93) 9,552 Accounts receivable, net (138) 10,750 1.197 Assets held for sale 1,953 20,216 32,254 3,073 3.367 1.810 17.103 30.482 2,856 3.813 2,274 2,167 25 527 330 672 1,082 $ 62.408 S 57,857 5 2,6235 560 3,420 538 5.355 2.552 6,455 3.569 1,085 927 914 793 Other current assets Total Current Assets Property, Plant and Equipment, Net Operating Lone Right Of Use Assets Goodwill Intangible Assets, Net Investments and Restricted Cash Deferred Income Tax Assets Other Non-Current Assets Total Assets LIABILITIES AND SHAREOWNERS' EQUITY Current Liabilities: Current maturities of long-term debt, commercial paper and finance leases Current maturities of operating leases Accounts payable Accrued wages and withholdings Self-insurance reserves Accrued group welfare and retirement plan contributions Liabilities to be disposed of Other current liabilities Total Current Liabilities Long-Term Debt and Finance Lenses Non-Current Operating Leases Pension and Postretirement Benefit Obligations Deferred Income Tax Liabilities Other Non-Current Liabilities SharcownerEquity Class A common stock (147 and 156 shares issued in 2020 and 2019) Class B common stock (718 and 701 shares issued in 2020 and 2019) Additional paid-in capital Retained carnings Accumulated other comprehensive loss Deferred compensation obligations Less: Treasury stock (0.4 shares in 2020 and 2019) Total Equity for Controlling Interests Noncontrolling Interests Total Shareowners' Equity Total Liabilities and Shareowners' Equity 347 1.450 17,076 22,031 1.641 15,413 21,818 2.540 2391 15.817 10,601 488 1,632 3.847 2,719 2 2 7 7 865 150 6.896 (7,113) 20 9,105 (5.997) 26 (20) (26 657 3.267 12 16 669 3.283 62.4055 $7,857 5 See notes to audited, consolidated financial statements, UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES STATEMENTS OF CONSOLIDATED INCOME (In millions, except per share amounts) Year Ended December 31 2020 2019 2018 Revenue $ 84,628 5 74,094 5 71.861 Operating Expensos Compensation and benefits Repairs and maintenance Deprecintion and amortization Purchased transportation Fuel 44,529 2,365 2,698 15,631 38,908 1,838 2.360 37,235 1,732 2.207 12,590 13,409 2,582 1.539 7,600 76,944 7,684 3,289 1.392 5,919 66,296 7.798 3,427 1,362 5,465 64,837 7,024 Other occupancy Other expenses Total Operating Expenses Operating Profit Other Income and (Expense) Investment income (expense) and other Interest expense Total Other Income and (Expense) Income Before Income Taxes Income Tax Expense Net Income Basic Earnings Per Share Diluted Eamings Per Share (5,139) (701) (5.840) (1.493) (653) (2.146) 5,652 1.212 (400) (605) (1,005 1,844 6,019 501 1.228 s 1.343 $ 4,440 S 4,791 S 1.555 5.14 5 5.53 $ 1.54 $ 5.11 5 5.51 STATEMENTS OF CONSOLIDATED COMPREHENSIVE INCOME (LOSS) (In millions) 2019 Net Income Change in foreign currency translation adjustment, net of tax Change in unecalized gain (loss) on marketable securities, set of tax Charige in unrealized gain (loss) on cash flow hedges, net of tax Change in unrecognized pension and postretirement benefit costs, net of tax Years Ended December 31, 2020 2018 $ 1,343 54,440 S4,791 97 48 (149) 2 6 (335) 72 485 (880) (1.129) 272 S 227 $3,437 55.399 Comprehensive Income (Loss) See notes to audited, consolidated financial statements
