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) Current assets Other assets Total assets Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 201720162015 793 $1,021 883 2,428 1935 1734 $3,221 $2,956 $2,617 S 592845742 942 933 $3,221$2,956 $2,617 1,607 1,070 1,0221,041 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 $3,065 $2,928 Operating income Interest expense Net income 311 99 236 325 80 231 Other data Average number of common shares outstanding Total dividends paid 42.8 48.2 $ 65.0 53.8 Required a. Calculate return on investment, based on net income and average total assets, for 2017 and 2016. (Do not 20172016 Return on investment 7.6 % 8.31 % b. Calculate return on equity for 2017 and 2016. (Round your answers to 1 decimal place.) Return on equity Required: a. Calculate retun on invesment, based on net income and average total assets, for 2017 and 2016 (Do not round intermediate cakculations. Round your answers to 1 decimal place.) Retun on investment b.Cakdate return on eq ty br 2017 and 2016 (Round your answers to 1 decnul place Return on equity e. Calouiate working capital and the current ratio tfor each of the past three years (Enter your answers in mitions (Le 5,000,000 should be entered as 5). Round "Current rato to 1 decimal Current ratio d.Calculate eanings per share for 2017 and 2016 (Round your answers to 2 decimal places) e. It Wiper's stock had a pricelearmings ratio of 12 at the end of 2017, what was the market price of the slock? (Do not round intermediate cakculations Round your answer to 2 decimalplaces ) hord per share tr 2017andmeoond yen based on te matet poe tabd part .IDo hot round imermediate caoutons Reund your answers to 2 deci al piste tCalculate the cash t. Calculate the cash dividend per share for 2017 and the dividend yield based on the market price calceated in part e (Do not round intermediate calculations. Round your answers to 2 decimal pfaces) S 1.51 Dividend g Calculate the dividend payout ratio for 2017. (Do not round intermediate calculations.) h. Assume that accounts recelvable at December 31, 2017, totaled $324 mition Calouate the number of dnys' sales in recevables at hat date (Use 36s days a year. Do not round intermediate calculatices ) Wiper's debt ratio and deteequity rato at December 31, 2017 and 2016 (Round "Debt r ratio" to 1 decimal place and "Debtlequity ratio" to the nearest whole p percent) Calcuiate the times intenest eamed atto for 2017 and 2016 (Round your answers to 1 decimal place) Tines interest eamed