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Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2019 $1.001 1,933 2020 $ 781 2,426 $3,207 $ 599 1. 597 2018 $ 863
Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2019 $1.001 1,933 2020 $ 781 2,426 $3,207 $ 599 1. 597 2018 $ 863 1,732 $2,595 Current assets Other assets Total assets Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $2,934 928 $3,207 WIPER INC. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2020 2019 $2.926 323 Income statement data: Sales Operating income Interest expense Net income Other data: Average number of common shares outstanding Total dividends paid $3,863 3e9 97 230 225 42.6 $ 63.3 48.0 $ 53.6 Required: o. 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 eamings per share for 2020 and 2019. e. If Wiper's stock had a pricelearnings ratio of 10 at the end of 2020. what was the market price of the stock? f. Calculate the cash dividend per share for 2020 and the dividend yield based on the market price calculated in parte. g. Calculate the dividend payout ratio for 2020. h. Assume that accounts receivable at December 31, 2020, totaled $322 million. Calculate the number of days' sales in receivables at that date. 1. 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
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