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 Other assets $ 749 Total assets 2,422 $3,171 2019 $ 969 1,929 $2,898 2018 $ 823 1,728 $2,551 Current liabilities $ 586 $ 839 $ 732 Long-term liabilities 1,569 1,024 892 Stockholders' equity 1,016 1,035 927 Total liabilities and stockholders' equity $3,171 $2,898 $2,551 WIPER INC. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 Income statement data: Sales Operating income Interest expense Net income (in millions) Other data: Average number of common shares outstanding Total dividends paid 2020 2019 $3,059 305 93 $2,922 319 74 218 213 42.2 47.6 $ 59.0 $ 53.2 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 14 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 $318 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 not complete. Complete this question by entering your answers in the tabs below. Req A and B Req C Req D Req E to H Req I Req J e. If Wiper's stock had a price/earnings ratio of 14 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 $318 million. Calculate the number of days' sales in receivables at that date. (Use 365 days a year. Do not round intermediate calculations.) e. Market price f. Cash dividends per share Dividend yield % g. Dividend payout ratio % h. Number of days' sales days Show less Answer is not complete. Complete this question by entering your answers in the tabs below. Req A and B Req C Req D Req E to H Req I Req J 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.) Debt ratio Debt/equity ratio 2020 2019 % % % %