Problem 11-13 Ratio analysis-comprehensive problem Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.. WIPER, INC Condensed Balance Sheets December 31, 2017, 2016, 2015 (in millions) 2015 S 821 $1,061 $ 923 1,738 $3.253 $3,000 $2,661 2017 2016 Current assets Other assets Total assets Current liabilities Long-term liabilities Stockholders equity Total liabilities and stockholders' equity 2,432 1.939 S 596 849 751 973 937 $3,253 $3,000 $2,661 1,631 1.026 1,106 WIPER, INC Selected Income Statement and Other Data For the year Ended December 31, 2017 and 2016 (in millions) 2017 2016 Income statement data Sales Operating income Interest expense Net income $3,069 $2,932 329 84 243 315 103 248 Other data Average number of common shares outstanding Total dividends paid 43.2 5 69.0 48.6 54.2 Required a. Calculate return on investment, based on net income and average total assets, for 2017 and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.) 2017 2016 Return on investment b. Calculate return on equity for 2017 and 2016. (Round your answers to 1 decimal place.) 2017 2016 Return on equity c. Calculate working capital and the current ratio for 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.) 2016 2015 Working capital Current ratio d. Calculate earnings per share tor 2017 and 2016. (Round your answers to 2 decimal places.) 2017 2016 Earnings per share e. if Wipers stock had a priceleamings ratio of 13 at the end or 2017, 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 2017 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.) Cash dividends per share Calculate the dividend payout ratio for 2017. (Do not round intermediate calculations.) out ratio h. Assume that accounts receivable at December 31, 2017, totaled $309 million. Calculate the number of days' sales in receivables at that date. (Use 365 days a year. Do not round intermediate calculations.) Number of days' sales late i. Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2017 and 2016. (Round "Debt ratio" to 1 decimal place and "Debt/equity ratio" to the nearest whole percent.) 2017 2016 Debt ratio Debtlequity ratio Calculate the times interest earned ratio for 2017 and 2016. (Round your answers to 1 decimal place.) 2017 2016 Times interest earned times times