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 $ 793 2,428 2018 $883 1,734 2019 $1,021 1,935 $2,956 $ 845 1,070 1,041 $2,956 Current assets Other assets Total assets $3,221 $2,617 $ 592 1,607 1,022 $ 742 942 Current liabilities Long-term liabilities Stockholders' equity 933 Total liabilities and stockholders' equity $3,221 $2,617 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 $3,065 311 $2,928 325 Operating income Interest expense Net income Other data: 99 236 88 TFZ Average number of common shares outstanding Total dividends paid 42.8 $65.0 48.2 $ 53.8 Requlred: 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. D010
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 $ 793 2,428 2018 $883 1,734 2019 $1,021 1,935 $2,956 $ 845 1,070 1,041 $2,956 Current assets Other assets Total assets $3,221 $2,617 $ 592 1,607 1,022 $ 742 942 Current liabilities Long-term liabilities Stockholders' equity 933 Total liabilities and stockholders' equity $3,221 $2,617 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 $3,065 311 $2,928 325 Operating income Interest expense Net income Other data: 99 236 88 TFZ Average number of common shares outstanding Total dividends paid 42.8 $65.0 48.2 $ 53.8 Requlred: 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. D010
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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