f, g, and h **Ratio Analysis — Comprehensive Problem**Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.### WIPER, INC. **Condensed Balance Sheets** *December 31, 2014, 2013, 2012* *(in millions)*- **2014** - Current assets: $677 - Other assets: $2,413 - Total assets: $3,090 - Current liabilities: $562 - Long-term liabilities: $1,521 - Stockholders' equity: $1,007- **2013** - Current assets: $891 - Other assets: $1,920 - Total assets: $2,811 - Current liabilities: $803 - Long-term liabilities: $982 - Stockholders' equity: $1,026- **2012** - Current assets: $736 - Other assets: $1,719 - Total assets: $2,455 - Current liabilities: $710 - Long-term liabilities: $827 - Stockholders' equity: $918### WIPER, INC. **Selected Income Statement and Other Data** *For the Years Ended December 31, 2014 and 2013* *(in millions)*- **2014** - Sales: $3,050 - Operating income: $296 - Interest expense: $84 - Net income: $192 - Average number of common shares outstanding: 41.3 - Total dividends paid: $50.0- **2013** - Sales: $2,913 - Operating income: $310 - Interest expense: $65 - Net income: $187 - Average number of common shares outstanding: 46.7 - Total dividends paid: $52.3These tables provide a snapshot of Wiper, Inc.’s financial position and performance over the specified years. Key measures such as assets, liabilities, equity, sales, income, and dividends are presented to highlight the company's financial health and trends. **Financial Analysis Exercises**a. **Return on Investment (ROI) Calculation** - Calculate ROI based on net income and average total assets for the years 2014 and 2013. - Include both margin and turnover in your analysis.b. **Return on Equity (ROE) Calculation** - Determine the ROE for the years 2014 and 2013.c. **Working Capital and Current Ratio** - Compute working capital and the current ratio for each of the past three years.d. **Earnings Per Share (EPS) Calculation** - Determine EPS for 2014 and 2013.e. **Market Price Estimation** - Given a price/earnings (P/E) ratio of 13 at the end of 2014, estimate the market price of Wiper's stock.f. **Cash Dividend Per Share and Dividend Yield** - Calculate the cash dividend per share for 2014 and evaluate the dividend yield based on the market price from part e.g. **Dividend Payout Ratio** - Find the dividend payout ratio for 2014.h. **Accounts Receivable Analysis** - Assuming accounts receivable totaled $309 million at December 31, 2014, compute the number of days' sales in receivables.i. **Debt and Debt/Equity Ratio Calculation** - Calculate Wiper's debt ratio and debt/equity ratio on December 31, 2014, and 2013.j. **Times Interest Earned Ratio** - Determine the times interest earned ratio for 2014 and 2013.k. **Investment Suitability Evaluation** - Analyze the results of the calculations, assess the profitability and liquidity of the company, and determine its suitability as an investment for a young, single professional looking to invest in common stock.

Name: f, g, and h **Ratio Analysis — Comprehensive Problem**Presented here a
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Description: f, g, and h **Ratio Analysis — Comprehensive Problem**Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.### WIPER, INC. **Condensed Balance Sheets** *December 31, 2014, 2013, 2012* *(in millions)*- **20