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

WIPER, INC.
Condensed Balance Sheets
December 31, 2017, 2016, 2015
(in millions)
	2017			2016			2015
Current assets	$	781		$	1,001		$	863
Other assets		2,426			1,933			1,732
Total assets	$	3,207		$	2,934		$	2,595
Current liabilities	$	590		$	843		$	736
Long-term liabilities		1,597			1,052			928
Stockholders equity		1,020			1,039			931
Total liabilities and stockholders' equity	$	3,207		$	2,934		$	2,595

WIPER, INC
Selected Income Statement and Other Data
For the year Ended December 31, 2017 and 2016
(in millions)
	2017			2016
Income statement data:
Sales	$	3,063		$	2,926
Operating income		309			323
Interest expense		97			78
Net income		230			225
Other data:
Average number of common shares outstanding		42.6			48.0
Total dividends paid	$	63.0		$	53.6

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.)

ROI for 2017= ___%

ROI for 2016= ___%

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

ROE for 2017= ___%

ROE for 2016= ___%

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.)

2017 2016 2015

Working Capital= ____ ____ ____

Current Ratio= ____ ____ ____

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

2017 2016

EPS = _____ _____

e. If Wiper's stock had a price/earnings ratio of 10 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.)

Market Price=

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.)

Cash Dividends per share= ___

Dividend yield= ___%

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

Dividend payout ratio for 2017= ___ %

h. Assume that accounts receivable at December 31, 2017, totaled $322 million. Calculate the number of days' sales in receivables at that date. (Use 365 days a year. Do not round intermediate calculations.)

Number of days Sales=____

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.)

2017 2016

Debt Ratio= ____ ____

Debt/Equity Ratio= ____ ____

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

2017 2016

Times Interest Earned= ____times ____times