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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) Current assets Other assets Total assets Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders equity 2020 $ 813 2,431 $3,244 $ 595 1,624 1,025 $3,244 2019 $1,051 1,938 $2,989 $ 848 1,097 1.044 $2,989 2018 $ 913 1,737 $2,650 $ 750 964 936 $2,650 WIPER INC. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2020 2019 Income statement data: Sales Operating income Interest expense Net income Other data: Average number of common shares outstanding Total dividends paid $3,068 314 102 245 $2,931 328 83 240 43.1 $ 68.0 48.5 $ 54.1 Required: o. 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 11 at the end of 2020, what was the market price of the stock? . 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 $327 million Calculate the number of clays' sales in receivables at that date. 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 Complete this question by entering your answers in the tabs below. Reg A and B Reqc Reg D Reg E to H Req! Reqj 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 % % b. Return on equity % a % Reg A and B Reqc > Complete this question by entering your answers in the tabs below. Req A and B Reg C Reg D Reg E to H Reg! Req Calculate working capital and the current ratio for each of the past three years. (Enter your answers in millions (.e.. 5,000,000 should be entered as 5). Round "Current ratio" to 1 decimal place.) 2020 2019 2018 Working capital Current ratio Complete this question by entering your answers in the tabs below. Reg A and B Regc Reg D Reg E to H Reg! Reg) Calculate earnings per share for 2020 and 2019. (Round your answers to 2 decimal places.) 2020 2019 Earnings per share Complete this question by entering your answers in the tabs below. Reg A and B Reqc Reg D Reg E to H Reg 1 Reg) e. If Wiper's stock had a price/earnings ratio of 11 at the end of 2020, what was the market price of the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) 1. Calculate the cash dividend per share for 2020 and the dividend yield based on the market price calculated in parte. (Do not round Intermediate calculations. Round your answers to 2 decimal places.) g. Calculate the dividend payout ratio for 2020. (Do not round intermediate calculations.) h. Assume that accounts receivable at December 31, 2020, totaled $327 million. Calculate the number of days' sales in receivables at that date. (Use 365 days a year. Do not round Intermediate calculations.) Show less 0 Market price Cash dividends per share Dividend yield 9. Dividend payout ratio h Number of days' sales % % days Complete this question by entering your answers in the tabs below. Reg A and B Reqc Reg D Reg E to H Reg 1 Reg Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019. (Round "Debt ratio to 1 decimal place and "Debt/equity ratio" to the nearest whole percent.) 2019 Debt ratio Debt/equity ratio 2020 % % % Complete this question by entering your answers in the tabs below. Req A and B Reg C Reg D Req E to H Req! Reg) Calculate the times interest earned ratio for 2020 and 2019. (Round your answers to 1 decimal place.) 2020 2019 times times Times Interest eamed