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Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.: Presented Here Are Chapter 11 (10 Points) ACG3173-18 Presented here
Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.:
Presented Here Are Chapter 11 (10 Points) ACG3173-18 Presented here are s ummarized data from the balance sheets and income statements of Wiper, Inc.: WIPER, INC. Condensed Balance Sheets December 31, 2017, 2016, 2015 2016 2015 759 $ 971 S 833 2,4231930 1,729 $3,182 $2,901 $2,582 733 901 2017 Current assets Other assets Total assets Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 1,578 1,025 1,0171036 928 $3,182 $2,901 $2,582 WIPER Selected Income Statement and Other Data For the yoar Ended December 31, 2017 and 2016 (in milions) 2017 2016 Income statement data: $3,060 $2,923 320 75 221?216 306 94 Operating income nterest expense Net income Other data: Average number of common shares outstanding Total dividends paid 42.3 47.7 s 60.0 53.3 decimal place.) assets, fo Required: a. Calculae returmon investment, based on net income and age total assets, for 2017 and 2016. (Do not round intermediate calculations. Round your answers to 1 t, based on net income and aver Returm on nvestment decimal place.) b. Calculate return on equity for 2017 and 2016. (Round your answers to 1 equity each of the past three years. (Enter your answers in millions (.e, 5,000,000 should be entered as 5). Round "Current ratio" to 1 decimal place.) Working capital Current ratio d. Calculate earnings per share for 2017 and 2016, (Round your answers to 2 decimal places.) Earnings per shareStep by Step Solution
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