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) Current assets Other assets Total assets Current liabilities Long-term liabilities. Stockholders' equity Total liabilities and stockholders' equity 2020 2019 $ 650 $ 900 2018 $ 700 2,750 $3,400 $ 500 2,050 $2,950 $ 800 1,500 1,400 1,000 1,150 1,750 $2,450 $ 700 800 950 $3,400 $2,950 $2,450 WIPER INC. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) Income statement data: Sales Operating income Interest expense Net income Other data: Average number of common shares outstanding Total dividends paid 2020 2019 $3,300 380 $2,900 300 80 300 70 230) 44 42 $ 50 $ 30 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 14 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 $310 million. Calculate the number of days' sales in receivables at that date. 1. 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 your answers in the tabs below. Req A and B Req C Req D Req E to H Req I Req J 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.) a Return on investment b. Return on equity 2020 2019 % ReqC > Req A and B Req C Req D Req E to H Req I Req J 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 < Req A and B Req D > Complete this question by entering your answers in the tabs below. Req A and B Req C Req D Req E to H Req I Req J Calculate earnings per share for 2020 and 2019. (Round your answers to 2 decimal places.) 2020 2019 Earnings per share Req A and B Req C Req D Req E to H Req I Req J 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? (Round intermediate calculations and final 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. (Round intermediate calculations and final answers to 2 decimal places.) g. Calculate the dividend payout ratio for 2020. (Do not round intermediate calculations. Round your answer to 1 decimal place.) h. Assume that accounts receivable at December 31, 2020, totaled $310 million. Calculate the number of days' sales in receivables at that date. (Use 365 days a year. Do not round intermediate calculations. Round your answer to 1 decimal place.) Show less A e Market price Cash dividends per share Dividend yield % 9 Dividend payout ratio % h. Number of days' sales days Req A and B Req C Req D Req E to H Req I Req J Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019. (Round "D and "Debt/equity ratio" to the nearest whole percent.) Debt ratio Debt/equity ratio 2020 2019 % % % % < Req E to H Req J > Complete this question by entering your answers in the tabs below. Req A and B Req C Req D Req E to H Req I Req J Calculate the times interest earned ratio for 2020 and 2019. (Round your answers to 1 decimal place.) Times interest eamed 2020 2019 times times < Req I Reg>