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Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.: a) Calculate return on investment, based on net income and

Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.:

a) Calculate return on investment, based on net income and average total assets, for 2017 and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.)

b. Calculate return on equity for 2017 and 2016. (Round your answers to 1 decimal place.)

c. Calculate working capital and the current ratio for each of the past three years. (Enter your answers in millions (i.e., 5,000,000 should be entered as 5). Round "Current ratio" to 1 decimal place.)

d. Calculate earnings per share for 2017 and 2016. (Round your answers to 2 decimal places.)

e. If Wiper's stock had a price/earnings ratio of 13 at the end of 2017, what was the market price of the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

f. Calculate the cash dividend per share for 2017 and the dividend yield based on the market price calculated in part e. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

g. Calculate the dividend payout ratio for 2017. (Do not round intermediate calculations.)

h. Assume that accounts receivable at December 31, 2017, totaled $317 million. Calculate the number of days' sales in receivables at that date. (Use 365 days a year. Do not round intermediate calculations.)

i. Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2017 and 2016. (Round "Debt ratio" to 1 decimal place and "Debt/equity ratio" to the nearest whole percent.)

j. Calculate the times interest earned ratio for 2017 and 2016. (Round your answers to 1 decimal place.)image text in transcribed

WIPER, INC Condensed Balance Sheets December 31, 2017, 2016, 2015 (in millions)s 2017 2016 2015 $ 734 $ 959 $ 813 assets Other assets 2,421 1,928 1,727 Total assets Current88 3254 abilities85 $ 838 $ 731 Long-term555 1,015 883 1,015 1,034 926 equity Total iabilities and $3,155 $2,887 $2,540 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: $3,058 $2,921 304 318 92 73 215 210 Sales income Interest Net income Other data: number of common shares 42.1 47.5 Total dividends s 58.0 $ 53.1 paid Required: a. Calculate return on investment, based on net income and average total assets, for 2017 and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.) b. Calculate return on equity for 2017 and 2016. (Round your answers to 1 decimal place.) c. Calculate working capital and the current ratio for each of the past three years Enter your answers in millions(Le 5,000,000 should be entered as 5 Round "Current ratio to 1 decimal place. Worki d. Calcu late earnings per share for 2017 and 2016. (Round your answers to 2 decimal places.) e. If Wiper's stock had a s ratio of 13 at the end of 2017, what was the market price of the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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