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 $ 683 Other assets 2,416 Total assets $3,099 Current liabilities $ 576 Long-term liabilities 1,513 Stockholders' equity 1,010 Total liabilities and stockholders' equity $3,099 2019 $ 915 1,923 $ 2,838 $ 806 1,003 1,029 $ 2,838 2018 $ 763 1,722 $ 2,485 $ 713 851 921 $ 2,485 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 Operating income Interest expense Net income Other data: Average number of common shares outstanding Total dividends paid $3,053 299 87 200 $ 2,916 313 68 195 41.6 $ 53.0 47.0 $ 52.6 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 pricelearnings ratio of 13 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 yield based on the market price calculated in parte. g. Calculate the dividend payout ratio for 2020. h. Assume that accounts receivable at December 31, 2020, totaled $312 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, 2020 and 2019. j. Calculate the times interest earned ratio for 2020 and 2019. 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 13 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 yield based on the market price calculated in part e. g. Calculate the dividend payout ratio for 2020. h. Assume that accounts receivable at December 31, 2020, totaled $312 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, 2020 and 2019. j. Calculate the times interest earned ratio for 2020 and 2019. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg A and B Reg C ReqD Reg E to H ReqI Req) a. Calculate return on investment, based on net income and average total assets, for 2020 and 2019. (Do not round intermediate calculations. Round your answers to 1 decimal place.) b. Calculate return on equity for 2020 and 2019. (Round your answers to 1 decimal place.) 2020 2019 a. 7.3% Return on investment Return on equity 6.7% 1,010.0 X % b. 19.0 X % J. Calculate the times interest earned ratio tor 2020 and 2019. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req A and B Reqc Req D Req E to H ReqI Req] e. If Wiper's stock had a price/earnings ratio of 13 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 $312 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. $ 62.53 X f. $ Market price Cash dividends per share Dividend yield Dividend payout ratio Number of days' sales 1.27 2.03 X % 27 % g. h. 38 days ratio ana 20 and 2019. Jequity ratio at iber 31, j. Calculate the times interest earned ratio for 2020 and 2019. X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req A and B Reqc Req D Req E to H Req I Req) 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 0.7 X % 0.6 X % Debt/equity ratio 2 X % 2 X %