Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.:...

70.2K

Verified Solution

Question

Accounting

Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.:

WIPER, INC.
Condensed Balance Sheets
December 31, 2017, 2016, 2015
(in millions)
2017 2016 2015
Current assets $ 764 $ 981 $ 843
Other assets 2,424 1,931 1,730
Total assets $ 3,188 $ 2,912 $ 2,573
Current liabilities $ 588 $ 841 $ 734
Long-term liabilities 1,582 1,034 910
Stockholders equity 1,018 1,037 929
Total liabilities and stockholders' equity $ 3,188 $ 2,912 $ 2,573

WIPER, INC
Selected Income Statement and Other Data
For the year Ended December 31, 2017 and 2016
(in millions)
2017 2016
Income statement data:
Sales $ 3,061 $ 2,924
Operating income 307 321
Interest expense 95 76
Net income 224 219
Other data:
Average number of common shares outstanding 42.4 47.8
Total dividends paid $ 61.0 $ 53.4

f. Calculate the cash dividend per share for 2017 and the dividend yield based on the market price calculated in part e. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students