Question

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Check my Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 683 2,416 2019 2018 $ 915 s 763 1,722 Current assets $ 1,923 Other assets $2,838 $3,099 $2,485 Total assets $806 1,003 1,029 Current liabilities 576 713 Long-term liabilities Stockholders' equity 1,513 1,010 851 921 $2,485 Total liabilities and stockholders' equity $3,099 $2,838 WIPER INC Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2019 2020 Income statement data $3,053 Sales $2,916 Operating income Interest expense 299 313 87 68 Net income 200 195 Other data Average number of common shares outstanding Total dividends paid 41.6 47.0 $52.6 $53.0 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. If Wiper's stock had a price/earnings ratio of 13 at the end of 2020, what was the market price of the stock? f. Calculate the cash dividend per share for 2020 and the dividend yield based on the market price calculated in part e. g. Calculate the dividend payout ratio for 2020. h. Assume that accounts receivable at December 31, 2020, totaled $312 million. Calculate the number of days' sales in receivables at that date. i. Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2020 and 2019. IAAA

Answer 1

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b Coputatian ae retca h equty 2020 2019 equity 9.B0118.95 Retum on wokng Alate eautyENetiocone xloo cauity Reftern on ం 200 x100 El9 80% 1010 ২০৭ 195 XLOO 1029 18.95-1 ROE

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Calculation op earfng per share for d01 6 2020 15A1 Canng er share -Net oe AVeage nunbea of shares outstanding FOB C 1 2019 Lp15 195 2020 earsing pec share48 200 Price earrfing vatio 13 pfce earnfng vatio 1 3 १q8। 6253 naxkct oice shave

ealculatio af cash duidend shate cash diidend share idend Numbesyof shates cf127 isend shave cwent market price Bdend gicld s123xlo 62 53 203/1 tuidend paspt ratio des xioo ePS C41-27 xo 26.401

bAlumker ae days sales G0 racevables 305 3 Lales Receables $312 Nember ap days 212x365 2053 33 days Debt atio TOtal dehtx0o total assets 2019 6741 62.Fi 2020 Debt ratio 2089X100 3099 32838 Debt equty 2.06 | 2c8৭ 1olo 16 bas1 1029