Question: 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

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)
2017 2016 2015
Current assets $ 681 $ 906 $ 753
Other assets 2,415 1,922 1,721
Total assets $ 3,096 $ 2,828 $ 2,474
Current liabilities $ 566 $ 805 $ 712
Long-term liabilities 1,521 995 842
Stockholders equity 1,009 1,028 920
Total liabilities and stockholders' equity $ 3,096 $ 2,828 $ 2,474

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 $ 3,052 $ 2,915
Operating income 298 312
Interest expense 86 67
Net income 197 192
Other data:
Average number of common shares outstanding 41.5 46.9
Total dividends paid $ 52.0 $ 52.5

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.) Calculate return on equity for 2017 and 2016. (Round your answers to 1 decimal place.)

Calculate working capital and the current ratio for each of the past three years. (Enter your answers in millions (i.e., 5,000,000 should be entered as 5). Round "Current ratio" to 1 decimal place.) Calculate earnings per share for 2017 and 2016. (Round your answers to 2 decimal places.)

If Wiper's stock had a price/earnings ratio of 12 at the end of 2017, what was the market price of the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Calculate the dividend payout ratio for 2017. (Do not round intermediate calculations.)

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.)

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