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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 |
| (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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