Question: 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

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 $ 707 $ 939 $ 793
Other assets 2,419 1,926 1,725
Total assets $ 3,126 $ 2,865 $ 2,518
Current liabilities $ 583 $ 836 $ 724
Long-term liabilities 1,530 997 870
Stockholders equity 1,013 1,032 924
Total liabilities and stockholders' equity $ 3,126 $ 2,865 $ 2,518

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 $ 3,056 $ 2,919
Operating income 302 316
Interest expense 90 71
Net income 209 204
Other data:
Average number of common shares outstanding 41.9 47.3
Total dividends paid $ 56.0 $ 52.9

Required:

a. Calculate return on investment, based on net income and average total assets, for 2017 and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.)

b. Calculate return on equity for 2017 and 2016. (Round your answers to 1 decimal place.)

c. Calculate working capital and the current ratio for each of the past three years. (Enter your answers in millions (i.e., 5,000,000 should be entered as 5). Round "Current ratio" to 1 decimal place.)

d. Calculate earnings per share for 2017 and 2016. (Round your answers to 2 decimal places.)

i. Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2017 and 2016. (Round "Debt ratio" to 1 decimal place and "Debt/equity ratio" to the nearest whole percent.)

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