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Presented here are summarized data from the balance sheets and income statements of Wiper Incorporated: WIPER INCORPORATED Condensed Balance Sheets December 31, 2023, 2022, 2021
Presented here are summarized data from the balance sheets and income statements of Wiper Incorporated: WIPER INCORPORATED Condensed Balance Sheets December 31, 2023, 2022, 2021 (in millions) Current assets. Other assets Total assets Current liabilities Long-term liabilities. Stockholders' equity Total liabilities and stockholders' equity Income statement data: Sales Operating income Interest expense Net income Other data: WIPER INCORPORATED Selected Income Statement and Other Data For the Years Ended December 31, 2023 and 2022 (in millions) 2023 $ 793 2,428 $ 3,221 Average number of common shares outstanding Total dividends paid $592 1,607 1,022 $ 3,221 2023 $ 3,065 311 99 236 42.8 $ 65.0 2022 $ 1,021 1,935 $ 2,956 $ 845 1,070 1,041 $ 2,956 2022
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 yield based on the market price calculated in part e. 9. Calculate the dividend payout ratio for 2023. h. Assume that accounts recelvable at December 31,2023 , totaled $324 million. Calculate the number of days'soles in recelvables a that date. 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 (1.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 (1.e., 0.123 should be entered as 12.3 . Complete this question by entering your answers in the tabs below. Calculate working capital and the current ratio for each of the past three years. Note: Enter your answers in millions (i.e., 5,000,000 should be entered as 5). Round "Current ratio" to 1 decimal place. 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. Complete this question by entering your answers in the tabs below. 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? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. f. Calculate the cash dividend per share for 2023 and the dividend yleld based on the market price calculated in part e. Note: Do not round intermediate calculations. Round your percentage answers to 2 decimal place (i.e., 0.1234 should be entered as 12.34 . g. Calculate the dividend payout ratio for 2023. Note: Do not round intermediate calculations. Round your percentage answers to nearest whole percentage (1.e., 0.12 should be entered as 12). h. Assume that accounts receivable at December 31,2023 , totaled $324 million. Calculate the number of days' sales in receivables at that date. Note: Use 365 days a year. Do not round intermediate calculations. Complete this question by entering your answers in the tabs below. Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2023 and 2022. Note: Round "Debt ratio" to 1 decimal place (1.e., 0.123 should be entered as 12.3 ) and "Debt/equity ratio" to the nearest whole percent (l.e., 012 should be entered as 12). Complete this question by entering your answers in the tabs below. Calculate the times interest earned ratio for 2023 and 2022. Note: Round your answers to 1 decimal placePLEASE LOOK AT EVERY IMAGE
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