kk. resented here are summarized data from the balance sheets and income statements of Wiper Inc.:Current assetsOther assets:Total assetsCurrent liabilities.Long-term liabilitiesStockholders' equityTotal liabilities and stockholders equityIncome statement data:SalesOperating incomeInterest expense.Net income.WIPER INC.Condensed Balance Sheets.December 31, 2020, 2019, 2018(in millions)Other data:WIPER INC.Selected Income Statement and Other DatalFor the year Ended December 31, 2020 and 2019(in millions)2020$ 6502,750$3,400Average number of common shares outstandingTotal dividends paid.$ 5001,5001,400$3,400$2019$ 9002,050$2,95020202019$3,300 $2,900380300BO70300230$ 8001,0001,150$2,9504450 $42302018$ 7001,750$2,450$ 700800950$2,450 a. Calculate return on investment, based on net income and average total assets,intermediate calculations. Round your answers to 1 decimal place.)b. Calculate return on equity for 2020 and 2019. (Round your answers to 1 decimaabReturn on investmentReturn on equityShow Transcribed TextReq Ca Return on investmentb. Return on equityComplete this question by entering your answers in the taps below.Req D20209.4%Req E to H%Reg A and Ba. Calculate return on investment, based on net income and average total assets, for 2020 and 2019. (Do not roundintermediate calculations. Round your answers to 1 decimal place.)b. Calculate return on equity for 2020 and 2019. (Round your answers to 1 decimal place.)2019C85%%620209.4240Reg A and 13%Req I%Req J20198.5Req C >20.00%

Ratio Analysis -Ratio Analysis is a important technique to analyze the two years of financials of…

esented here are summarized data from the balance sheets and income statements of Wiper Inc.: Current assets Other assets Total assets Current liabilities Long-term liabilities. Stockholders' equity Total liabilities and stockholders' equity Income statement data: Sales Operating income Interest expense Net income WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) Other data: WIPER INC. Selected Income Statement and Other Data: For the year Ended December 31, 2020 and 2019 (in millions). 2020 $ 650 2,750 $3,400 Average number of common shares outstanding Total dividends paid $ 500 1,500 1,400 $3,400 2020 $3,300 380 BO 300 $ 44 50 2019 $ 900 2,050 $2,950 $800 1,000 1,150 $2,950 $2,450 2019 $2,900 300 70 230 $ 2018 $ 700 1,750 $2,450 42 30 $ 700 800 950

esented here are summarized data from the balance sheets and income statements of Wiper Inc.: Current assets Other assets Total assets Current liabilities Long-term liabilities. Stockholders' equity Total liabilities and stockholders' equity Income statement data: Sales Operating income Interest expense Net income WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) Other data: WIPER INC. Selected Income Statement and Other Data: For the year Ended December 31, 2020 and 2019 (in millions). 2020 $ 650 2,750 $3,400 Average number of common shares outstanding Total dividends paid $ 500 1,500 1,400 $3,400 2020 $3,300 380 BO 300 $ 44 50 2019 $ 900 2,050 $2,950 $800 1,000 1,150 $2,950 $2,450 2019 $2,900 300 70 230 $ 2018 $ 700 1,750 $2,450 42 30 $ 700 800 950

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 54CE

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