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Current assets Other assets Total assets Condensed Balance Sheets December 31, 2023, 2022, 2021 (in millions) 2023 Current liabilities Long-term liabilities Stockholders' equity Total
Current assets Other assets Total assets Condensed Balance Sheets December 31, 2023, 2022, 2021 (in millions) 2023 Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $ 695 2,418 $ 3,113 $ 2,852 $ 582 1,519 2022 $ 927 1,925 $ 826 995 2021 $ 783 1,724 $ 2,507 $ 719 865 1,012 1,031 923 $ 3,113 $ 2,852 $ 2,507 WIPER INCORPORATED Selected Income Statement and Other Data For the Years Ended December 31, 2023 and 2022 (in millions) Income statement data: Sales Operating income Interest expense Net income Other data: Average number of common shares outstanding Total dividends paid Required: 2023 2022 $3,055 301 $2,918 315 89 70 206 201 41.8 47.2 $55.0 $ 52.8 a. Calculate return on investment, based on net income and average total assets, for 2023 and 2022. b. Calculate return on equity for 2023 and 2022 c. Calculate working capital and the current ratio for each of the past three years. d. Calculate earnings per share for 2023 and 2022 e. If Wiper's stock had a price/earnings ratio of 12 at the end of 2023, what was the market price of the stock? f. Calculate the cash dividend per share for 2023 and the dividend yield based on the market price calculated in part e g. Calculate the dividend payout ratio for 2023. h. Assume that accounts receivable at December 31, 2023, totaled $314 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, 2023 and 2022. J. Calculate the times interest earned ratio for 2023 and 2022 Complete this question by entering your answers in the tabs below. Req A and B Req C Req D Req E to H Reg I Req Calculate the times interest earned ratio for 2023 and 2022. Note: Round your answers to 1 decimal place.
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