Presented here are summarized data from the balance sheets and income statements of Wiper Inc.:

Required:
a. Calculate return on investment, based on net income and average total assets, for 2023 and 2022. Show both margin and turnover in your calculation.
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 14 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.
g. Calculate the dividend payout ratio for 2023.
h. Assume that accounts receivable at December 31, 2023, totaled $310 million. Calculate the number of days’ sales in receivables at that date.
i. Calculate Wiper’s debt ratio and debt/equity ratio at December 31, 2023 and 2022.
j. Calculate the times interest earned ratio for 2023 and 2022.
k. Review the results of these calculations, evaluate the profitability and liquidity of this company, and state your opinion about its suitability as an investment for a young, single professional with funds to invest in common stock.

WIPER INC. Condensed Balance Sheets December 31, 2023, 2022, 2021 (in millions) 2023 Current assets. Other assets. Current liabilities.. Long-term liabilities.. Stockholders' equity.. Total liabilities and ... stockholders' equity $ 650 2,750 $3,400 $ 500 2022 $ 900 2,050 $2,950 $ 800 1,500 1,400 1,150 $3,400 $2,950 1,000 2021 $ 700 1,750 $2,450 $ 700 800 950 $2,450