Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Presented here are summarized data from the balance sheets and income statements of Wiper Incorporated: Required: a . Calculate return on Investment, based on net

Presented here are summarized data from the balance sheets and income statements of Wiper Incorporated:
Required:
a. Calculate return on Investment, based on net Income and average total assets, for 2023 and 2022.
b. Calculate return on equity for 2023 and 2022
c. Calculate working capital and the current ratio for each of the past three years.
d. Calculate earnings per share for 2023 and 2022.
e. If Wiper's stock had a price/earnings ratio of 12 at the end of 2023, what was the market price of the stock?
f. Calculate the cash dividend per share for 2023 and the dividend yleld based on the market price calculated in part e.
g. Calculate the dividend payout ratio for 2023.
h. Assume that accounts recelvable at December 31,2023, totaled $329 million. Calculate the number of days' sales in recelvables at
that date.
I. Calculate Wiper's debt ratio and debt/equity ratio at December 31,2023 and 2022.
J. Calculate the times interest earned ratio for 2023 and 2022.
Complete this question by entering your answers in the tabs below. Presented here are summarized data from the balance sheets and Income statements of Wiper Incorporated:
Required:
a. Calculate return on Investment, based on net income and average total assets, for 2023 and 2022.
b. Calculate return on equity for 2023 and 2022.
c. Calculate working capital and the current ratio for each of the past three years.
d. Calculate earnings per share for 2023 and 2022.
e. If Wiper's stock had a price/earnings ratio of 12 at the end of 2023, what was the market price of the stock?
f. Calculate the cash dividend per share for 2023 and the dividend yleld based on the market price calculated in part e.
g. Calculate the dividend payout ratio for 2023.
h. Assume that accounts recelvable at December 31,2023, totaled $329 million. Calculate the number of days' sales in recelvables at
that date.
I. Calculate Wiper's debt ratio and debt/equity ratio at December 31,2023 and 2022.
J. Calculate the times interest earned ratio for 2023 and 2022.
Complete this question by entering your answers in the tabs below.
Calculate earnings per share for 2023 and 2022.
Note: Round your answers to 2 decimal places.Presented here are summarized data from the balance sheets and income statements of Wiper Incorporated:
Required:
a. Calculate return on Investment, based on net Income and average total assets, for 2023 and 2022.
b. Calculate return on equity for 2023 and 2022
c. Calculate working capital and the current ratio for each of the past three years.
d. Calculate earnings per share for 2023 and 2022.
e. If Wiper's stock had a price/earnings ratio of 12 at the end of 2023, what was the market price of the stock?
f. Calculate the cash dividend per share for 2023 and the dividend yleld based on the market price calculated in part e.
g. Calculate the dividend payout ratio for 2023.
h. Assume that accounts recelvable at December 31,2023, totaled $329 million. Calculate the number of days' sales in recelvables at
that date.
I. Calculate Wiper's debt ratio and debt/equity ratio at December 31,2023 and 2022.
J. Calculate the times interest earned ratio for 2023 and 2022.
Complete this question by entering your answers in the tabs below.
Req J
a. Calculate return on investment, based on net income and average total assets, for 2023 and 2022.
Note: Do not round intermediate calculations. Round your percentage answers to 1 decimal place (i.e.,0.123 should be
entered as 12.3.
b. Calculate return on equity for 2023 and 2022.
Note: Round your percentage answers to 1 decimal place (i.e.,0.123 should be entered as 12.3.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Glencoe Accounting Concepts Procedures Applicatons

Authors: McGraw-Hill Education

3rd Edition

0028036174, 978-0028036175

More Books

Students also viewed these Accounting questions