Question: Presented here are summarized data from the balance sheets and income statements of Wiper Inc.: WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018

 Presented here are summarized data from the balance sheets and income

Presented here are summarized data from the balance sheets and income statements of Wiper Inc.: WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 2019 2018 Current assets $ 749 2,422 $ 969 1,929 $ 823 1,728 Other assets Total assets $3,171 $2,898 $2,551 Current liabilities $ 586 $ 839 $ 732 1,569 1,024 892 Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity 1,016 1,935 927 $3,171 $2,898 $2,551 WIPER INC. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2020 2019 Income statement data: $3.59 $2,922 319 305 93 74 Sales Operating income Interest expense Net income Other data: Average number of common shares outstanding Total dividends paid 218 213 42.2 47.6 $59.0 $ 53.2 Required: a. Calculate return on investment, based on net income and average total assets, for 2020 and 2019. b. Calculate return on equity for 2020 and 2019. c. Calculate working capital and the current ratio for each of the past three years. d. Calculate earnings per share for 2020 and 2019. e. If Wiper's stock had a price earnings ratio of 14 at the end of 2020, what was the market price of the stock? f. Calculate the cash dividend per share for 2020 and the dividend yield based on the market price calculated in parte. g. Calculate the dividend payout ratio for 2020. h. Assume that accounts receivable at December 31, 2020, totaled $318 million. Calculate the number of days' sales in receivables at 1. Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019. J. Calculate the times interest earned ratio for 2020 and 2019. that date. Complete this question by entering your answers in the tabs below. Reg A and B Reqc Reg D Req E to H Req! Reg) a. Calculate return on investment, based on net income and average total assets, for 2020 and 2019. (Do not round intermediate calculations. Round your answers to 1 decimal place.) b. Calculate return on equity for 2020 and 2019. (Round your answers to 1 decimal place.) 2020 2019 Return on investment 06

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