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$ 759$ 971$ 833Other assets2,4231,9301,729Total assets$ 3,182$ 2,901$ 2,562Current liabilities$ 587$ 840$ 733Long-term liabilities1,5781,025901Stockholders equity1,0171,036928Total liabilities and stockholders' equity$ 3,182$ 2,901$ 2,562
WIPER INCORPORATEDSelected Income Statement and Other DataFor the Years Ended December 31,2023 and 2022(in millions)20232022Income statement data:Sales$ 3,060$ 2,923Operating income306320Interest expense9475Net income221216Other data:Average number of common shares outstanding42.347.7Total dividends paid$ 60.0$ 53.3
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 15 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 $319 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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