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	$	764		$	981		$	843
Other assets		2,424			1,931			1,730
Total assets	$	3,188		$	2,912		$	2,573
Current liabilities	$	588		$	841		$	734
Long-term liabilities		1,582			1,034			910
Stockholders equity		1,018			1,037			929
Total liabilities and stockholders' equity	$	3,188		$	2,912		$	2,573

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	$	3,061		$	2,924
Operating income		307			321
Interest expense		95			76
Net income		224			219
Other data:
Average number of common shares outstanding		42.4			47.8
Total dividends paid	$	61.0		$	53.4
g. Calculate the dividend payout ratio for 2017. h. Assume that accounts receivable at December 31, 2017, totaled $320 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, 2017 and 2016. j. Calculate the times interest earned ratio for 2017 and 2016