Question
e)If wipers stock had a price/earnings ratio of 10 at the end of 2017, what was the market price of the stock? f)Calculate the cash
e)If wipers stock had a price/earnings ratio of 10 at the end of 2017, what was the market price of the stock?
f)Calculate the cash dividend per share for 2017 and the dividend yield based on the market price calculated in part e.
g)Calculate the dividend payout ratio for 2017.
h)Assume that accounts recievable at december 31, 2017, totaled $323 million, calculate the number of days sales in receivables at that date. (use 365 days a year)
i)Calculate wipers debt ratio and debt/equity ratio at december 31, 2017 and 2016. j)Calculate the times interest earned ratio for 2017 and 2016.
Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.: WIPER, INC Condensed Balance Sheets December 31, 2017, 2016, 2015 (in millions) 2017 2016 2015 788 $1,011 873 Current assets Other assets 2.427 1.934 1.733 Total assets $3.215 $2,945 $2,606 591 844 737 Current liabilities 937 Long-term liabilities 1.603 1.061 1,021 Stockholders' equity 1.040 932 $3,215 $2,945 $2,606 Total liabilities and stockholders' equity WIPER, INC Selected Income Statement and Other Data For the year Ended December 31, 2017 and 2016 (in millions) 2017 2016 Income statement data: $3,064 $2,927 Sales 324 Operating income 310 Interest expense 98 Net income 233 228 Other data Average number of common shares outstanding 42.7 48.1 64.0 53.7 Total dividends paidStep by Step Solution
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