Selected financial data for Wilmington Corporation is presented below.

WILMINGTON CORPORATION Balance Sheet As of December 31
	2020	2019
Current Assets
Cash and cash equivalents	$ 634,527	$ 335,597
Marketable securities	166,106	187,064
Accounts receivable (net)	284,226	318,010
Inventories	466,942	430,249
Prepaid expenses	60,906	28,060
Other current assets	83,053	85,029
Total Current Assets	1,695,760	1,384,009
Property, plant and equipment	1,384,217	625,421
Long-term investment	568,003	425,000
Total Assets	$3,647,980	$2,434,430
Current Liabilities
Short-term borrowings	$ 306,376	$ 170,419
Current portion of long-term debt	155,000	168,000
Accounts payable	279,522	314,883
Accrued liabilities	301,024	183,681
Income taxes payable	107,509	196,802
Total Current Liabilities	1,149,431	1,033,785
Long-term debt	500,000	300,000
Deferred income taxes	236,519	288,644
Total Liabilities	$1,885,950	$1,622,429
Common stock	$ 425,250	$ 125,000
Additional paid-in capital	356,450	344,335
Retained earnings	980,330	342,666
Total Stockholders' Equity	1,762,030	812,001
Total Liabilities and Stockholders' Equity	$3,647,980	$2,434,430

Selected Income Statement Data for the year ending December 31, Year 2020:
Net sales		$4,885,340
Cost of goods sold		(2,906,526)
Selling expenses		(884,685)
Operating income		1,094,129
Interest expense		(55,240)
Earnings before income taxes		1,038,889
Income tax expense		(401,225)
Net income		$ 637,664
Selected Statement of Cash Flow Data for the year ending December 31, Year 2020:
Cash flows from operations		$1,601,692
Capital expenditures		$745,862

Wilmington Corporations times interest earned ratio for 2020 was:

		11.54
		18.81
		88.44
		19.81