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Use the financial information for Illinois Tool Works (ticker: ITW) shown below. You noticed the significant uptick in debt that occurred in 2019, and you

Use the financial information for Illinois Tool Works (ticker: ITW) shown below. You noticed the significant uptick in debt that occurred in 2019, and you are concerned about their ability to afford their interest payments. What is the Interest Coverage Ratio for 2019?

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Dec 31, 2019 Dec 31, 2011 Dec. 31, 2017 Income Statement - USD ($1$ in Miliom 12M Dec 31, 2010 De 1,9815 3,094 $ 5 $ 5 5 $ $ $ 5 $ 5 5 1.220 336 1,504 2.6225 1,3185 3345 5 5.778 5 1,791 $ 1,154 $ 296 3515 6,2535 1,7295 4,4925 85S 5165 1.2275 15,068 $ Operating Revenue $ 14.1095 Cost of revenue 1675 Selling, administrative, and r&d expenses $ 2,3615 Legal settlement income 5 $ Amortization moniment of intangible assets 1595 Operating income $ 3,4025 Interest experise $ 122115 Other income expense) 5 1075 come Before Taxes $ 3.2885 Income taxes $ 767 $ Net Income 5 2.5215 Net Income Per Share: Basic in dollars per share) Diluted in dollars per sharel Stock Price of 12/31/19: $ 178.57 7,278 1,778 4.752 1,272 505 1,195 16,780 1,084 S 5545 1,000 $ 14,870 $ Balance Sheet - USD ISIS in Milom Current Assets Cash and equivalents Accounts receivables Inventories Prepaid expenses and other current assets Assets held for sale Total current assets Net plant and equipment Goodwill Intable assets Deferred income taxes Other assets Total Assets Current Liabilities: Short-term debt Accounts payable Accrued expenses Cash dividends payable Income taxes payable Liabilities held for sale Total current liabilities Noncurrent Liabilities: Long-term det Deferred income taxes Noncurrent income tants payable Other libilities Total noncurrent liabilities Total liabilities Stockholders' Touity Common Stock Additional paid.in capital Retained earnings Common stock held in treasury Accumulated other comprehensive income foss) Noncontrolling interest Total stockholders' equity Total liabilities and stockholders' equity $ $ $ $ 4725 1,217 $ 3425 485 715 2.1545 1.3515 5245 1,271 5 3285 68 $ 850 590 1,258 266 89 $ 3.5425 1,053 7.478 7,754 5 6685 7075 495 5 $ 5 $ $ $ 1,000 $ 9,884 12,0385 8,070 $ 11,612$ 9,138 12,191 $ $ 5 5 $ 5 $ $ 6 $ 1,304 S 22.035 118,98215 (1,705 45 3,030$ 15,068 6 $ 1,253 $ 2.218 21.2175 20,210 117,5451 $ 115,5621 (1.6775 (1,2871 45 3.2585 4.599 14.30 $ 16,780

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