WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 2019 2018 $ 843 1,730 $2,573 $764 2,424 $ 981 Current assets Other assets 1,931 Total assets $3,188 $2,912 $ 588 $ 841 Current liabilities $ 734 Long-term liabilities Stockholders' equity 1,582 1,018 1,034 1,037 910 929 Total liabilities and stockholders ' equity $2,573 $3,188 $2,912 WIPER INC. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2020 2019 Income statement data: Sales $3,061 $2,924 Operating income Interest expense 307 321 95 76 Net income 224 219 Other data: Average number of common shares outstanding Total dividends paid 42.4 47.8 $ 61.0 $53.4 Required: a. Calculate return on investment, based on net income and average total assets, for 2020 and 2019 b. Calculate return on equity for 2020 and 2019 c. Calculate working capital and the current ratio for each of the past three years d. Calculate earnings per share for 2020 and 2019 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? f. Calculate the cash dividend per share for 2020 and the dividend yleld based on the market price calculated in part e Calculate the dividend payout ratio for 2020 h. Assume that accounts receivable at December 31, 2020, totaled $320 million. Calc ate the number of days' sales in receivables at that date. I. Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019 J.Cakculate the times interest earned ratio for 2020 and 2019 Complete this question by entering your answers in the tabs below. points Req Req A and B Req E to H Req C Req D Req I 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 yleld based on the market price calculi ed 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 Interrmediate calculations.) h. Assume that accounts receivable at December 31, 2020, totaled $320 milion. Calculate the number of days' sales in receivables at that date. (Use 365 days a year. Do not round Intermediate calculations.) Show less A s 63.40 e Market price Cash dividends per share 144 2.27 % Dividend yleld Dividend payout ratio % 27 Number of days' sales days h. 38 Req Req D Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below Req Req 3 Req D Req E to H Req A and B Req C Calculate Wipers debt ratio and debt/equity ratio at December 31, 2020 and 2019. (Round "Debt ratio" to 1 decimal place and "Debt/eguity ratio" to the nearest whole percent.) 2019 2020 68.1 % 2 % Debt ratio 64.4 2 % Deblequity ratio Req J>