Question: Presented here are summarized data from the balance sheets and income statements of Wiper Incomporated: WIPER INCORPORATED Condensed Balance Sheets Oecember 31, 2823, 2622, 2621
Presented here are summarized data from the balance sheets and income statements of Wiper Incomporated: WIPER INCORPORATED Condensed Balance Sheets Oecember 31, 2823, 2622, 2621 (in millions} 2823 2822 2021 Current assets 5 Foe $1,851 894 Other assets. 2,429 1,936 1,735 lotal assets 3,227 $ 2,967 $ 2,628 Current liabilities 504 2 846 B 74g Long-term liabilities 1,611 1,879 6 Stockholders' equity 1,023 1, B42 934 Total liabilities and stockholders" equity $ 3,227 $ 2,967 % 2,628 WIPER INCORPORATED Selected Income Statement and Other Data For the Years Ended December 31, 2823 and 2022 (in millions) 2023 2822 Income statement data: Sales $ 3,866 $ 2,929 Operating income 312 326 Interest expense 1p8 #1 Net income 239 234 Other data: Average number of common shares outstanding 42.9 48.3 Total dividends paid $ 66.6 $ 53.9 Required: 4. Calculate retum on investment, based on net income and average total assets, for 2023 and 2022. b. Calculate retum on equity for 2023 and 2022 ce. Calculate working capital and the current ratio for each of the past three years. d. Calculate eamings per share for 2023 and 2022. e. If Wiper's stock had a pric/earnings ratio of 12 at the end of 2025, what was the market price of the stock? f. Calculate the cash dividend per share for 2023 and the dividend yield based on the market price calculated in part e. g. Calculate the dividend payout ratio for 2025. h. Assume that accounts receivable at December 31, 2023, totaled $325 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 J. Calculate the times interest eamed ratio for 2023 and 2022 Complete this question by entering your answers in the tabs below. Reg A and B Req C Req D Reg E to H Reg I Req ] a. Calculate return on investment, based on net income and average total assets, for 2023 and 2022. Note: Do not round intermediate calculations. Round your percentage answers to 1 decimal place (i.e., 0.123 should be entered as 12.3. b. Calculate return on equity for 2023 and 2022. Note: Round your percentage answers to 1 decimal place (i.e., 0.123 should be entered as 12.3. Show less A 2023 2022 3. Return on investment b. Retum on equity Complete this question by entering your answers in the tabs below. Reg A and B Reg C Req D Req E to H Req I Req ] Calculate working capital and the current ratio for each of the past three years. Note: Enter your answers in millions (i.e., 5,000,000 should be entered as 5). Round "Current ratio" to 1 decimal place. 2023 2022 2021 Working capital Current ratio Complete this question by entering your answers in the tabs below. Reg A and B Reg C Reg D Req E to H Req I Req ] Calculate earnings per share for 2023 and 2022. Note: Round your answers to 2 decimal places. 2023 2022 Earnings per share Complete this question by entering your answers in the tabs below. Reg A and B Reg C Reg D Reg E to H Reg I Reg J e, If Wiper's stock had a price/earnings ratio of 12 at the end of 2023, what was the market price of the stock? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. f. Calculate the cash dividend per share for 2022 and the dividend yield based on the market price calculated in part e. Mote: Do not round intermediate calculations. Round your percentage answers to 2 decimal place (i.., 0.1234 should be entered as 12.34, g. Calculate the dividend payout ratio for 2023. Note: Do not round intermediate calculations. Round your percentage answers to nearest whole percentage (i.e., 0.12 should be entered a5 12), h. Assume that accounts receivable at December 31, 2023, totaled $325 million. Calculate the number of days' sales in receivables at that date. Note: Use 365 days a year. Do not round intermediate calculations. Show less A a Watatpie | i. Cash dividends per share mn i f. Dividend yield re g. Dividend payaut ratio an h. Number of days' sales a Ce Complete this question by entering your answers in the tabs below. Reg A and B Reg C Reg D Reg E to H Reg I Reg J Calculate Wipers debt ratio and debt/equity ratio at December 31, 2023 and 2022. Note: Round \"Debt ratio\" to 1 decimal place {i.e., 0.123 should be entered as 12.3) and "Debt/equity ratio" to the nearest whole percent fie, 012 should be entered as 12), DetoPeE| Dewieasty aio fF | fF | 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 ] Calculate the times interest earned ratio for 2023 and 2022. Note: Round your answers to 1 decimal place. 2023 2022 Times interest eamed times times
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