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 $ 683 Other assets 2,416 Total assets $3,099 Current liabilities $ 576 Long-term liabilities 1,513 Stockholders' equity 1,010 Total liabilities and stockholders' equity $3,099 2019 $ 915 1,923 $2,838 $ 806 1,003 1,029 2018 $ 763 1,722 $ 2,485 $ 713 851 921 $2,485 $ 2,838 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 $3,053 Operating income 299 Interest expense 87 Net income 200 Other data: Average number of common shares outstanding 41.6 Total dividends paid $ 53.0 $ 2,916 313 68 195 47.0 $ 52.6 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 13 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 part e. g. Calculate the dividend payout ratio for 2020. h. Assume that accounts receivable at December 31, 2020, totaled $312 million. Calculate the number of days' sales in receivables at 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. Req A and B Reqc Req D Req E to H Req I Reqj a. Calculate return on investment, based on net income and average total assets, for 2020 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.) 2019 2020 12.9% 13.7% a. Return on investment b. Return on equity 19.8 % 18.9% Req A and B Reqc ReqD Reg E to H Req I Req) 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.) 2019 2020 $ 107 2018 $ 50 $ 109 Working capital Current ratio 12.0 1.1 1.1 Req A and B Reqc Req D Req E to H Req I Reqj Calculate earnings per share for 2020 and 2019. (Round your answers to 2 decimal places. 2020 2019 Earnings per share $ 4.80 $ 4.10 Req A and B Reqc Req D Req E to H Req I Reqj e. If Wiper's stock had a price/earnings ratio of 13 at the end of 2020, what was the market price of the stock 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 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 $312 million. Calculate the number of day receivables at that date. (Use 365 days a year. Do not round intermediate calculations.) $ 62.40 $ 0.78 e. Market price f. Cash dividends per share Dividend yield g. Dividend payout ratio h. Number of days' sales 1.25 % 16% 37 days Req A and B ReqC Req D Req E to H ReqI Reqj Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019. (Round "Deb and "Debt/equity ratio" to the nearest whole percent.) 2020 2019 67.4% 63.71% Debt ratio Debt/equity ratio 207 % 176% Req A and B Req c Reg D Req E to H Req I Reqj Calculate the times interest earned ratio for 2020 and 2019. (Round your answers to 1 decimal place.) 2020 2019 Times interest earned 3.3 times 3.9 times