(in millions) 2017 2016 2015 Current assets . .. .. $ 650 $ 900 $ 700 Other assets . . . . 2,750 2,050 1,750 $3,400 $2,950 $2,450 Current liabilities $ $ 800 $ 700 Long-term liabilities . . 1,500 1,000 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 Years Ended December 31, 2017 and 2016 (in millions) 2017 2016 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 Page 415 Required: a. Calculate return on investment, based on net income and average total assets, for 2017 and 2016. Show both margin and turnover in your calculation. b. Calculate return on equity for 2017 and 2016. c. Calculate working capital and the current ratio for each of the past three years. d. Calculate earnings per share for 2017 and 2016. e. If Wiper's stock had a price/earnings ratio of 14 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 receivable at December 31, 2017, 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, 2017 and 2016. j. Calculate the times interest earned ratio for 2017 and 2016. k. Review the results of these calculations, evaluate the profitability and liquidity of this company, and state your opinion about its suitability as an investment for a young, single professional with funds to invest in common stock