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) 2015 S 788 $1,011 S 873 1,733 $3,215 $2,945 S2,606 S 59 844 S 737 937 932 2016 2017 Current assets Other assets Total assets Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 1,934 2,427 1,603 1,061 1,02109 1,040 $3,215 $2,945 $2,606 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 Operating income Interest expense Net income $3,064 $2,927 324 79 228 310 98 233 Other data: Average number of common shares outstanding Total dividends paid 48.1 $64.0 53.7 42.7 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 decima 2016 2017 Return on investment b. Calculate return on equity for 2017 and 2016. (Round your answers to 1 decimal place.) 2017 2016 Return on equity 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 Earnings per share e. If Wipers 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.) f. Calculate the cash divdend 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 .Calculate the dividend payout ratio for 2017.(Do not round intermediate calculations.) t ratio h. Assume that accounts receivable at December 31, 2017, totaled $323 million. Calculate the number of days' sales in receivables at that date. (Use 365 days a year. Do not round intermediate calculations.) r of days' sales days .Calculate Wipers debt ratio and debtlequity ratio at December 31, 2017 and 2016. (Round "Debt ratio" to 1 decimal place and "Debtlequity ratio" to the nearest whole percent.) 2016 2017 Debt ratic Debtlequity ratio . Calculate the times interest earned ratio for 2017 and 2016. (Round your answers to 1 decimal place.) 2017 2016 Times interest earmed imes times
