H ### Ratio Analysis – Comprehensive ProblemPresented below is summarized data from the balance sheets and income statements of Wiper, Inc.#### WIPER, INC.**Condensed Balance Sheets** *For the Years Ended December 31, 2014, 2013, 2012* *(in millions)*| | 2014 | 2013 | 2012 ||-----------|--------|--------|--------|| Current assets | $677 | $891 | $736 || Other assets | 2,413 | 1,920 | 1,719 || **Total assets** | $3,090 | $2,811 | $2,455 || | 2014 | 2013 | 2012 ||-----------|--------|--------|--------|| Current liabilities | $562 | $803 | $710 || Long-term liabilities| 1,521 | 982 | 827 || Stockholders' equity | 1,007 | 1,026 | 918 || **Total liabilities & equity** | $3,090 | $2,811 | $2,455 |#### WIPER, INC.**Selected Income Statement and Other Data** *For the Years Ended December 31, 2014 and 2013* *(in millions)*| | 2014 | 2013 ||--------------------------|--------|--------|| **Income statement data:** | | || Sales | $3,050 | $2,913 || Operating income | 296 | 310 || Interest expense | 84 | 65 || Net income | 192 | 187 || | 2014 | 2013 ||--------------------------|--------|--------|| **Other data:** | | || Average number of common shares outstanding | 41.3 | 46.7 || Total dividends paid | $50.0 | $52.3 |This financial data provides insights into the financial performance and position of Wiper, Inc. over the specified periods. ### Financial Performance Analysis**a. Return on Investment (ROI)**- Calculate ROI based on net income and average total assets for 2014 and 2013.- Include both margin and turnover in your calculation.**b. Return on Equity (ROE)**- Calculate the ROE for the years 2014 and 2013.**c. Working Capital and Current Ratio**- Determine the working capital and current ratio for each of the past three years.**d. Earnings Per Share (EPS)**- Calculate the EPS for 2014 and 2013.**e. Market Price of Stock**- If Wiper’s stock had a price/earnings (P/E) ratio of 13 at the end of 2014, determine the market price of the stock.**f. Cash Dividend Per Share and Dividend Yield**- Calculate the cash dividend per share for 2014.- Determine the dividend yield based on the market price calculated in part e.**g. Dividend Payout Ratio**- Calculate the dividend payout ratio for 2014.**h. Accounts Receivable Turnover**- Given accounts receivable of $309 million at December 31, 2014, calculate the number of days' sales in receivables.**i. Debt and Debt/Equity Ratio**- Calculate Wiper’s debt ratio and debt/equity ratio at December 31 for both 2014 and 2013.**j. Times Interest Earned Ratio**- Compute the times interest earned ratio for 2014 and 2013.**k. Financial Review and Investment Evaluation**- Review the results of these calculations to evaluate the profitability and liquidity of the company.- Discuss the investment suitability for a young, single professional with funds to invest in common stock.

Name: H ### Ratio Analysis – Comprehensive ProblemPresented below is summari
Uploaded: 2022-11-22T13:58:24.000Z
Channel: Bartleby
Description: H ### Ratio Analysis – Comprehensive ProblemPresented below is summarized data from the balance sheets and income statements of Wiper, Inc.#### WIPER, INC.**Condensed Balance Sheets** *For the Years Ended December 31, 2014, 2013, 2012* *(in million