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 2019 Current assets Other assets $ 722 $ 949 2,420 Total assets $3,142 1,927 $2,876 2018 $ 803 1,726 $2,529 Current liabilities $ 584 $ 837 $ 730 Long-term liabilities 1,544 1,006 874 nces: Stockholders' equity 1,014 1,033 925 Total liabilities and stockholders' equity $3,142 $2,876 $2,529 WIPER INC. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 Income statement data: Sales Operating income Interest expense Net income (in millions) Other data: Average number of common shares outstanding. Total dividends paid 2020 2019 $3,057 $2,920 303 317 91 72 212 207 42.0 47.4 $ 57.0 $ 53.0 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 12 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 $316 million. Calculate the number of days' sales in receivables 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 Req C Req D Req E to H Req I Req J e. If Wiper's stock had a price/earnings ratio of 12 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 $316 million. Calculate the number of days' sales in receivables at that date. (Use 365 days a year. Do not round intermediate calculations.) e. Market price Cash dividends per share Dividend yield % Show less A es 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 e. If Wiper's stock had a price/earnings ratio of 12 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 $316 million. Calculate the number of days' sales in receivables at that date. (Use 365 days a year. Do not round intermediate calculations.) e. Market price f. Cash dividends per share Dividend yield g. Dividend payout ratio % h. Number of days' sales. % days Show less A Complete this question by entering your answers in the tabs below. Req A and B Req C Req D Req E to H Req 1 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.) Debt ratio Debt/equity ratio 2020 2019 % 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 earned 2020 2019 times times