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Presented here are summarized data from the balance sheets and income statements of Wiper Inc.: WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018
Presented here are summarized data from the balance sheets and income statements of Wiper Inc.:
WIPER INC. | |||||||||
Condensed Balance Sheets | |||||||||
December 31, 2020, 2019, 2018 | |||||||||
(in millions) | |||||||||
2020 | 2019 | 2018 | |||||||
Current assets | $ | 764 | $ | 981 | $ | 843 | |||
Other assets | 2,424 | 1,931 | 1,730 | ||||||
Total assets | $ | 3,188 | $ | 2,912 | $ | 2,573 | |||
Current liabilities | $ | 588 | $ | 841 | $ | 734 | |||
Long-term liabilities | 1,582 | 1,034 | 910 | ||||||
Stockholders equity | 1,018 | 1,037 | 929 | ||||||
Total liabilities and stockholders' equity | $ | 3,188 | $ | 2,912 | $ | 2,573 | |||
WIPER INC. | ||||||
Selected Income Statement and Other Data | ||||||
For the year Ended December 31, 2020 and 2019 | ||||||
(in millions) | ||||||
2020 | 2019 | |||||
Income statement data: | ||||||
Sales | $ | 3,061 | $ | 2,924 | ||
Operating income | 307 | 321 | ||||
Interest expense | 95 | 76 | ||||
Net income | 224 | 219 | ||||
Other data: | ||||||
Average number of common shares outstanding | 42.4 | 47.8 | ||||
Total dividends paid | $ | 61.0 | $ | 53.4 | ||
I am needing to calculate the times interest earned ratio for 2020 and 2019?
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