Presented here are summarized data from the balance sheets and income statements of Wiper Inc.:...
80.2K
Verified Solution
Link Copied!
Question
Accounting
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) 2018 2020 2019 773 Current assets 685 917 Other assets 2,417 1,723 1,924 $3,102 $2,841 $2,496 Total assets Current liabilities 816 581 714 Long-term liabilities Stockholders' equity 1,510 1,011 995 860 1,030 922 Total liabilities and stockholders' equity $3,102 $2,841 $2,496 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 $3,054 300 $2,917 Operating income Interest expense 314 88 69 Net income 203 198 Other data: Average number of common shares outstanding Total dividends paid 41.7 47.1 $52.7 54.0 Req A and B Req C Req D Req E to H Req I Req e. If Wiper's stock had a price/earnings ratio of 11 at the end of 2020, what was the market price of the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) f. Calculate the cash dividend per share for 2020 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.) g. Calculate the dividend payout ratio for 2020. (Do not round intermediate calculations.) h. Assume that accounts receivable at December 31, 2020, totaled $313 million. Calculate the number of days' sales in receivables at that date. (Use 365 days a year. Do not round intermediate calculations.) Show less A 53.55 e. Market price Cash dividends per share f. Dividend yield % g. Dividend payout ratio h. Number of days' sales days
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!