Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.:
Presented here arc summarizcd data from the balance shects and income statements of Wiper, Inc WIPER, INC Condensed Balance Sheels December 31, 2017, 2016, 2015 in millions) 2016 2016 S 771 S 991 S 853 2425 19321731 S3,196 S2,923 2,584 S 589 S842 S 735 919 930 S3,196 S2,923 $2,584 2017 Current assets Other assets Total assets Current liabilities Long-tem liabilities Stockholders' equity Total liabilities and stockholders'equity 1,588 1,019 1,043 1,038 WIPER, INC Selected Income Staternment and Other Data For the year Ended December 31, 2017 and 2016 in millions) 2017 2016 Income statement data Sales Operating income Interest expense $3,062 S2,925 322 308 96 227 Nel income Other data Average number of common shares outstanding Total dividends paid 42.5 $ 62.0 47.9 S 53.5 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.) 2017 2016 Return on investment b. Calculate return on equity for 2017 and 2016. (Round your answers to 1 decimal place.) 2017 2016 Rcturn on equity c. Calculale 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.) 2017 2016 2016 Working capital Current ratio d. Calculate earnings per share tor 2017 and 2016. (Round your answers to 2 decimal places.) 2017 2016 Earnings per share e. If Wipers stock had a priceeamings ratio of 13 at te end of 2017, what was the market price of the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places t. 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 declmal places.) Cash dividends per share Dividend yield Calculate the dividend payout ratio for 2017.(Do not round intermediate calculations.) payout ratio h. Assume that accounts receivable at December 31, 2017, totaled $321 million. Calculate the number of days' sales in receivables at that date. (Use 365 days a year. Do not round intermediate calculations.) days i. Calculate Wiper's debt ratio and debticquity ratio at December 31, 2017 and 2016. (Round "Debt ratio" to 1 decimal place and "Debtlequity ratio" to the nearest whole percent.) 2017 2016 Debt ratio Deblequity ratio J. Calculate the times interest eamed ratio for 2017 and 2016 (Round your answers to 1 decimal place.) 2017 2016 Times interest earned times imes
