**WIPER INC. Financial Summary**### Condensed Balance Sheets**For the Years Ending December 31: 2020, 2019, 2018 (in millions)**| | 2020 | 2019 | 2018 ||----------------|-------|-------|-------|| **Current assets** | $650 | $900 | $700 || **Other assets** | 2,750 | 2,050 | 1,750 || **Total assets** | 3,400 | 2,950 | 2,450 |**Liabilities and Equity:**| | 2020 | 2019 | 2018 ||-------------------------|-------|-------|-------|| **Current liabilities** | $500 | $800 | $700 || **Long-term liabilities** | 1,500 | 1,000 | 800 || **Stockholders’ equity** | 1,400 | 1,150 | 950 || **Total liabilities and stockholders’ equity** | 3,400 | 2,950 | 2,450 |### Selected Income Statement and Other Data**For the Year Ending December 31: 2020 and 2019 (in millions)****Income Statement Data:**| | 2020 | 2019 ||----------------|-------|-------|| **Sales** | $3,300 | $2,900 || **Operating income** | 380 | 300 || **Interest expense** | 80 | 70 || **Net income** | 300 | 230 |**Other Data:**| | 2020 | 2019 ||----------------------------------------------------|------|------|| **Average number of common shares outstanding** | 44 | 42 || **Total dividends paid** | $50 | $30 |### 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. **Instruction:**Complete this question by entering your answers in the tabs below.**Tabs:**- Req A and B- Req C- Req D- Req E to H- Req I- Req J**Question:**Calculate the times interest earned ratio for 2020 and 2019. (Round your answers to 1 decimal place.)**Table:**| | 2020 | 2019 ||----------------------|-------------|-------------|| Times interest earned| ___ times | ___ times | (Note: Fill in the answers in the spaces provided in the table for each respective year.)

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) 2020 $ 650 2019 2018 Current assets other assets $ 900 2,050 24 700 2,750 $3,400 1,750 $2,450 Total assets $2,950 Current liabilities $ 500 1,500 1,400 800 $ 700 Long-term liabilities stockholders' equity 1,000 1,150 800 950 Total liabilities and stockholders' equity $3,400 $2,950 $2,450 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 $3,300 $2,900 300 380 80 70 300 230 other data: Average number of common shares outstanding Total dividends paid 44 42 24 50 $4 30

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) 2020 $ 650 2019 2018 Current assets other assets $ 900 2,050 24 700 2,750 $3,400 1,750 $2,450 Total assets $2,950 Current liabilities $ 500 1,500 1,400 800 $ 700 Long-term liabilities stockholders' equity 1,000 1,150 800 950 Total liabilities and stockholders' equity $3,400 $2,950 $2,450 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 $3,300 $2,900 300 380 80 70 300 230 other data: Average number of common shares outstanding Total dividends paid 44 42 24 50 $4 30

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject: acounting
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The current assets and liabilities sections of the comparative balance sheets of Regent Inc., a private entity reporting under ASPE, at December 31 are presented below, along with the income statement: REGENT INC. Comparative Balance Sheet Accounts 2024 2023 Cash $27,720 $29,400 Accounts receivable 17,920 11,480 Inventory 9,100 12,880 Prepaid expenses 2,100 1,624 Accounts payable 12,040 10,080 Accrued expenses payable 1,400 2,240 Dividends payable 6,720 4,760 Income tax payable 1,904 3,304 REGENT INC. Income Statement Year Ended October 31, 2024 Sales $175,000 Cost of goods sold 109,200 Gross profit 65,800 Operating expenses $24,640 Depreciation expense 6,440 Loss on sale of equipment 2,240 33,320 Profit before income tax 32,480 Income tax expense 8,120 Profit for the year $24,360 Instructions Prepare the operating section of the cash flow statement using the direct method.
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1
GM has the following balances at Dec31,2021: Operating Assets $ 1,200,000 Financial Assets 800,000 Operating Liabilities 200,000 Financial liabilities 1,400,000 Operating Income 200,000 Tax Rate % 40 Net Income 110,000 Preferred Stock dividends 10,000 Required: Calculate the following (use 2021 ending balances only): Return on Net Operating Assets – RNOA Return on Common Equity – ROCE Justify and analyze your findings in required (1)
WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 $650 2,750 $3,400 2019 2018 $700 1,750 $2,450 current assets other assets 2,050 Total assets $2,950 current liabilities Long-term 1iabilities stockholders equity $ 500 1,500 1,400 $3,400 $ 800 1,000 1,150 $2,950 700 800 950 Total liabilities and stockholders' equity $2,450 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 $3,300 380 $2,900 300 70 230 300 44 50 42 30 Required: a. Calculate return on Investment, based on net Income and average total assets, for 2020 and 2019. b. Calculate return on egulty for 2020 and 2019. c. Calculate worklng capltal 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…
Return on Assets Calculate the company's return on assets for 2020 and compare the result to the industry average.
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Calculate the Debt to Equity ratio for Urban Outfitters for both 2018 and 2019. Be sure to round your answer to 2 decimal place.