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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

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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 $ 749 Other assets 2,422 Total assets $3,171 Current liabilities $ 586 Long-term liabilities 1,569 Stockholders' equity 1,016 Total liabilities and stockholders' equity $3,171 2019 $ 969 1,929 $2,898 $ 839 1,024 1,035 $2,898 2018 $ 823 1,728 $2,551 $ 732 892 927 $2,551 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 $3,059 Operating income 305 Interest expense 93 Net income 218 Other data: Average number of common shares outstanding 42.2 Total dividends paid $ 59.0 $2,922 319 74 213 47.6 $ 53.2 Complete this question by entering your answers in the tabs below. Req A and B Reg C Reg D Req E to H ReqI Reqj e. If Wiper's stock had a price/earnings ratio of 14 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 $318 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 9. 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 ReqD Req E to H ReqI Req] 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 2019 Debt ratio Debt/equity 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 the times interest earned ratio for 2020 and 2019. (Round your answers to 1 decimal place.) 2020 2019 Times interest earned times times

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