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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 $ 734 $ 959 $ 813
Other assets 2,421 1,928 1,727
Total assets $ 3,155 $ 2,887 $ 2,540
Current liabilities $ 585 $ 838 $ 731
Long-term liabilities 1,555 1,015 883
Stockholders equity 1,015 1,034 926
Total liabilities and stockholders' equity $ 3,155 $ 2,887 $ 2,540

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 $ 3,058 $ 2,921
Operating income 304 318
Interest expense 92 73
Net income 215 210
Other data:
Average number of common shares outstanding 42.1 47.5
Total dividends paid $ 58.0 $ 53.1
  1. Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019.
  2. Calculate the times interest earned ratio for 2020 and 2019.

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