-ement data:Sales$3,061$2,924Operating incomeInterest expense3073219576Net incomeOther data:224219Average number of common shares outstandingTotal dividends paid42.447.8$ 61.0$ 53.4Required: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 12 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 part e.g. Calculate the dividend payout ratio for 2020.h. Assume that accounts receivable at December 31, 2020, totaled $320 million. Calculate the number of days' sales in receivables atthat date.i. Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019.j. Calculate the times interest earned ratio for 2020 and 2019.Complete this question by entering your answers In the tabs below.Prey1 of 2Next >回可acer 3 QuestionW MarshalE OM83600 X(3) SlowAwaken Pinstructiezto mheducation.com/ext/map/index.html?_con%3con&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mhedunwk iSavedCondensed Balance SheetsDecember 31, 2020, 2019, 2018(in millions)202020192818Current assets$ 764$ 9811, 931$424$ 843Other assets2,4241,730$2,573Total assets$3,188$2,912Current liabilities$ 588$ 8411,0342$$ 734Long-term liabilitiesStockholders' equity1, 5821, 0189101,037929Total liabilities and stockholders' equity$3,188$2,912$2,573cesWIPER INC.Selected Income Statement and Other DataFor the year Ended December 31, 2020 and 2019(in millions)20202019Income statement data;Sales$3,061$2,924Operating incomeInterest expenseNet incomeOther data:3073219576224219Average number of common shares outstandingTotal dividends paid42.447.8$ 61.0$ 53.4Prev1 of 2Next >acer

Name: -ement data:Sales$3,061$2,924Operating incomeInterest expense30732195
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Description: -ement data:Sales$3,061$2,924Operating incomeInterest expense3073219576Net incomeOther data:224219Average number of common shares outstandingTotal dividends paid42.447.8$ 61.0$ 53.4Required:a. Calculate return on investment, based on net income and

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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. dCalo..

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. dCalo..

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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OFFON

-ement data:
Sales
$3,061
$2,924
Operating income
Interest expense
307
321
95
76
Net income
Other data:
224
219
Average number of common shares outstanding
Total dividends paid
42.4
47.8
$ 61.0
$ 53.4
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 12 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 part e.
g. Calculate the dividend payout ratio for 2020.
h. Assume that accounts receivable at December 31, 2020, 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, 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.
Prey
1 of 2
Next >
回可
acer

3 Question
W Marshal
E OM83600 X
(3) Slow
Awaken P
instructi
ezto mheducation.com/ext/map/index.html?_con%3con&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mhedu
nwk i
Saved
Condensed Balance Sheets
December 31, 2020, 2019, 2018
(in millions)
2020
2019
2818
Current assets
$ 764
$ 981
1, 931
$4
24
$ 843
Other assets
2,424
1,730
$2,573
Total assets
$3,188
$2,912
Current liabilities
$ 588
$ 841
1,034
2$
$ 734
Long-term liabilities
Stockholders' equity
1, 582
1, 018
910
1,037
929
Total liabilities and stockholders' equity
$3,188
$2,912
$2,573
ces
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
$3,061
$2,924
Operating income
Interest expense
Net income
Other data:
307
321
95
76
224
219
Average number of common shares outstanding
Total dividends paid
42.4
47.8
$ 61.0
$ 53.4
Prev
1 of 2
Next >
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