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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

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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 $ 798 Other assets 2,429 Total assets $3,227 Current liabilities $ 593 Long-term liabilities Stockholders' equity 1,023 Total liabilities and stockholders' equity $3,227 2019 $1,031 1,936 $2,967 $ 846 2018 $ 893 1,735 $2,628 $ 748 946 934 $2,628 1,611 1,079 1,042 $2,967 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 $3,066 Operating income 312 Interest expense 100 Net income 239 Other data: Average number of common shares outstanding 42.9 Total dividends paid $ 66.0 $2,929 326 81 234 48.3 $ 53.9 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 $325 million. Calculate the number of days' sales in receivables at that date. (Use 365 days a year. Do not round intermediate calculations.) Show less e. Market price f. Cash dividends per share Dividend yield g. Dividend payout ratio h. Number of days' sales % % days 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.) 2020 2019 % Debt ratio Debt/equity ratio % % % Calculate the times interest earned ratio for 2020 and 2019. (Round your answers to 1 decimal plac 2020 2019 Times interest earned times times

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