Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019.(Round "Debt ratio" to 1 decimal place and "Debt/equity ratio" to the nearest whole percent.)
Topic: Discussion: Break-Even Ar x Question 1 - Chapter 11 Financia X ProXsoft - Tagged.pdf x W Proxsoft (1).docx X *Course Hero X + X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsCloseWind. F. Chapter 11 Financial Analysis i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Presented here are summarized data from the balance sheets and income statements of Wiper Inc.: WIPER INC. Condensed Balance Sheets 50 December 31, 2020, 2019, 2018 (in millions) points 2020 2019 2018 Current assets $ 650 $ 900 $ 700 Other assets 2, 750 2, 050 1, 750 Total assets $3, 400 $2, 950 $2, 450 Current liabilities 500 800 Long-term liabilities 1, 500 1, 000 300 Stockholders' equity 1, 400 1, 150 950 Total liabilities and stockholders' equity $3, 400 $2, 950 $2, 450 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, 300 $2, 900 Operating income 380 300 Interest expense 80 70 Net income 300 230 Other data: Average number of common shares outstanding 44 42 Total dividends paid $ 50 $ 30 Required: a. Calculate return on investment, based on net income and average total assets, for 2020 and 2019. Mc Graw Prey 1 of 2 Next > HillTopic: Discussion: Break-Even Ar x Question 1 - Chapter 11 Financia X ProXsoft - Tagged.pdf x W Proxsoft (1).docx X *Course Hero X + X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsCloseWind. F. Chapter 11 Financial Analysis i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or Incorrect for the work you have completed so far. It does not indicate completion. Return to question 1 Required: a. Calculate return on investment, based on net income and average total assets, for 2020 and 2019. b. Calculate return on equity for 2020 and 2019. c. Calculate working capital and the current ratio for each of the past three years. d. Calculate earnings per share for 2020 and 2019. 50 e. If Wiper's stock had a price/earnings ratio of 14 at the end of 2020, what was the market price of the stock? points f. Calculate the cash dividend per share for 2020 and the dividend yield based on the market price calculated in part e. g. Calculate the dividend payout ratio for 2020. h. Assume that accounts receivable at December 31, 2020, totaled $310 million. Calculate the number of days' sales in receivables at that date. I. Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019. J. Calculate the times interest earned ratio for 2020 and 2019. * Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Screen capture . now A Screenshot taken Show in folder Req A and B Reg C Reg D Req E to H Req I Req J Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019. (Round "Debt ratio" to 1 decimal place and "Debt/equity ratio" to the nearest whole percent.) 2020 2019 Debt ratio 67.8 x % 64.2 x 9% Debt/equity ratio 2 x 9% 2 x 5 [ Copied to clipboard Mc Graw EDIT DELETE Hill
