Question: Presented here are summarized data from the balance sheets and income statements of Wiper Incorporated: WIPER INCORPORATEDCondensed Balance SheetsDecember 3 1 , 2 0 2

Presented here are summarized data from the balance sheets and income statements of Wiper Incorporated:
WIPER INCORPORATEDCondensed Balance SheetsDecember 31,2023,2022,2021(in millions)202320222021Current assets$ 650$ 900$ 700Other assets2,7502,0501,750Total assets$ 3,400$ 2,950$ 2,450Current liabilities$ 500800$ 700Long-term liabilities1,5001,000800Stockholders' equity1,4001,150950Total liabilities and stockholders' equity$ 3,400$ 2,950$ 2,450
WIPER INCORPORATEDSelected Income Statement and Other DataFor the Years Ended December 31,2023 and 2022(in millions)20232022Income statement data:Sales$ 3,300$ 2,900Operating income380300Interest expense8070Net income300230Other data:Average number of common shares outstanding4442Total dividends paid$ 50$ 30
Required:
Calculate return on investment, based on net income and average total assets, for 2023 and 2022.
Calculate return on equity for 2023 and 2022.
Calculate working capital and the current ratio for each of the past three years.
Calculate earnings per share for 2023 and 2022.
If Wiper's stock had a price/earnings ratio of 14 at the end of 2023, what was the market price of the stock?
Calculate the cash dividend per share for 2023 and the dividend yield based on the market price calculated in part e.
Calculate the dividend payout ratio for 2023.
Assume that accounts receivable at December 31,2023, totaled $310 million. Calculate the number of days' sales in receivables at that date.
Calculate Wiper's debt ratio and debt/equity ratio at December 31,2023 and 2022.
Calculate the times interest earned ratio for 2023 and 2022.

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