Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

only answer for dividend yield and number H Presented here are summarized data from the balance sheets and income statements of Wiper Inc.: WIPER INC.

only answer for dividend yield and number H
image text in transcribed
image text in transcribed
Presented here are summarized data from the balance sheets and income statements of Wiper Inc.: WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 Current assets $ 798 Other assets 2,429 Total assets $3,227 Current liabilities $ 593 Long-term liabilities 1,611 Stockholders' equity 1,023 Total liabilities and stockholders' equity $3,227 2019 $1,031 1,936 $2,967 $ 846 1,079 1,042 $2.967 2018 $ 893 1,735 $2,628 $ 748 946 934 $2,628 ces 2019 WIPER INC. Selected Income Statement and other Data For the year Ended December 31, 2020 and 2019 in million) 2020 Income statement data: Sales $3,066 Operating income 312 Interest expense 100 Not income 239 Other data Average number of common shares outstanding 12.9 Total dividends paid $ 66.0 $2,929 326 81 234 48.3 $ 53.9 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 ne Req A and B Reg C ReqD LE Req E to H ReqI Reqj ences e. If Wiper's stock had a price/earnings ratio of 12 at the end of 2020, what was the market price of the Intermediate calculations. Round your answer to 2 decimal places.) f. Calculate the cash dividend per share for 2020 and the dividend yield based on the market price calcu not round intermediate calculations. Round your answers to 2 decimal places.) g. Calculate the dividend payout ratio for 2020. (Do not round intermediate calculations.) h. Assume that accounts receivable at December 31, 2020, totaled $325 million. Calculate the number o receivables at that date. (Use 365 days a year. Do not round intermediate calculations.) $ 67.80 $ e Market price 1. Cash dividends per share Dividend yield 9. Dividend payout ratio h. Number of days' sales 1.54 72.64% + + 281 days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Global Financial Accounting And Reporting Principles And Analysis

Authors: Peter Walton, Walter Aerts

2nd Edition

1408017725, 978-1408017722

More Books

Students also viewed these Accounting questions