Applications and Investigations in Earth Science (9th Edition)
Applications and Investigations in Earth Science (9th Edition)
9th Edition
ISBN: 9780134746241
Author: Edward J. Tarbuck, Frederick K. Lutgens, Dennis G. Tasa
Publisher: PEARSON
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Chapter 18, Problem 3LR
Summary Introduction

A diagram that represents the first and last lunar observations of the moon.

Introduction:

Moon is an important satellite that can revolve around the planet Earth. It arises and sets at different locations and positions.

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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) 2019 $ 900 2,050 $2,950 2018 $700 2020 Current assets other assets $ 650 2,750 $3,400 1,750 $2,450 Total assets Current liabilities Long-term 1iabilities Stockholders' equity $ 700 800 500 800 1,500 1,400 $3,400 1,000 1,150 $2,950 950 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 $3,300 380 80 300 $2,900 300 Operating income Interest expense Net income other data: Average number of common shares outstanding Total dividends paid 70 230 44 42 50 30 Requlred: a. Calculate return on Investment, based on net Income and average total assets, for 2020 and 2019. b. Calculate return on equlty for 2020 and 2019. c. Calculate working capital and the current ratlo for each…
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