60.1K

Verified Solution

Link Copied!

Presented here are summarized data from the balance sheets and income statements of Condensed Balance Sheets December 31, 2017, 2016, 2015 (in 2016 2015 $ 829 $1,071 $ 933 2017 Other assets Total assets 2 4331940 1739 $3,262 $3.011 $2,672 597 S 850 1,638 1,115 1,027 1,046 752 equity 1 938 $3,262 $3,011 $2.672 For the year Ended December 31, 2017 and 2016 2017 2016 data: $3,070 $2,933 316 330 85 251 246 Sales Other data 43.3 487 S 700 $ 54.3 Required: a. Calculate return on investment, based on net income and average total assets, for 2017 and 2016. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Return on in 3 70.0 $ 54.3 Required: a. place.) et income and average total assets,for 2017 and 2016.(Do not round intermediate calculations. Round your answers to 1 decimal b. Calculate return on equity for 2017 and 2016. (Round your answers to 1 decimal place.) 2017 2016 on equity c. Calcula decimal place.) t three years. (Enter your answers in millions (Le, 5,000,000 should be entered as 5). Round "Current ratio" te working capital and the current ratio for each of the past your answers in 2016 d. Calculate earnings per share for 2017 and 2016. (Round your answers to 2 decimal places.) 2017 2016 e. If Wiper's stock had a places.) 9. g. Calculate the dividend payout ratio for 2017. (Do not round intermediate calculations.) h. Assume that accounts receivable at December 31, 2017, totaled $329 million. Calculate the number of days' sales in receivables at that date. (Use 365 days a year. Do not round intermediate calculations.) whole percent.) i. Calculate Wiper's debt ratio and debtlequity ratio at December 31, 2017 and 2016. (Round "Debt ratio" to 1 decimal place and "Debt/equity ratio" to the nearest Debt ratio j. Calculate the times interest earned ratio for 2017 and 2016. (Round your answers to 1 decimal place.) 2016 2017

Answer & Explanation Solved by verified expert

See Answer