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 $ 813 Other assets 2,431 Total assets $3,244 Current liabilities $ 595 Long-term liabilities 1,624 Stockholders' equity 1,025 Total liabilities and stockholders' equity $3,244 2019 $1,051 1,938 $ 2,989 $ 848 1,097 1,044 $ 2,989 2018 $ 913 1,737 $ 2,650 $ 750 964 936 $ 2,650 2019 WIPER INC. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2020 Income statement data: Sales $3,068 Operating income 314 Interest expense 102 Net income 245 Other data: Average number of common shares outstanding 43.1 Total dividends paid $ 68.0 $ 2,931 328 83 240 48.5 $ 54.1 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. c. Calculate working capital and the current ratio for each of the past three years. d. Calculate earnings per share for 2020 and 2019. e. If Wiper's stock had a price/earnings ratio of 11 at the end of 2020, what was the market price of the stock? f. Calculate the cash dividend per share for 2020 and the dividend yield based on the market price calculated in parte. g. Calculate the dividend payout ratio for 2020. h. Assume that accounts receivable at December 31, 2020, totaled $327 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, 2020 and 2019. j. Calculate the times interest earned ratio for 2020 and 2019. Complete this question by entering your answers in the tabs below. Req A and B ReqC ReqD Reg E to H Req I Reqj a. Calculate return on investment, based on net income and average total assets, for 2020 and 2019. (Do not round intermediate calculations. Round your answers to 1 decimal place.) b. Calculate return on equity for 2020 and 2019. (Round your answers to 1 decimal place.) 2020 2019 a. Return on investment b. Return on equity % % % % Complete this question by entering your answers in the tabs below. Req A and B ReqC Reg D Reg E to H ReqI Req 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.) 2020 2019 2018 Working capital Current ratio Complete this question by entering your answers in the tabs below. Req A and B Reqc ReqD Req E to H ReqI Reqj Calculate earnings per share for 2020 and 2019. (Round your answers to 2 decimal places.) 2020 2019 Earnings per share Complete this question by entering your answers in the tabs below. Reg A and B Reqc Reg D Req E to H Reg I Req] e. If Wiper's stock had a price/earnings ratio of 11 at the end of 2020, 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 2020 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 2020. (Do not round intermediate calculations.) h. Assume that accounts receivable at December 31, 2020, totaled $327 million. Calculate the number of days' sales in receivables at that date. (Use 365 days a year. Do not round intermediate calculations.) Show less e. Market price f. Cash dividends per share Dividend yield g. Dividend payout ratio h. Number of days' sales % % days Complete this question by entering your answers in the tabs below. Req A and B Reqc Reg D Req E to H ReqI Reqj Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019. (Round "Debt ratio" to 1 decimal place and "Debt/equity ratio" to the nearest whole percent.) 2020 Debt ratio Debt/equity ratio % % 2019 % % Complete this question by entering your answers in the tabs below. Req A and B Reqc Reg D Req E to H Req I Req) Calculate the times interest earned ratio for 2020 and 2019. (Round your answers to 1 decimal place.) 2020 2019 Times interest earned times times
