f, g, and h from the balance sheets and income statements of Wiper, Inc.:Ratio analysis-Comprehensive problem Presented here are summarized dataAverage number of common shares outstanding...Total dividends paid.....WIPER, INC.Condensed Balance SheetsDecember 31, 2014, 2013, 2012(in millions)201420132012$ 677Current assets....Other assets....$ 891$ 7362,4131,9201,719$3,090$2,811$2,455$ 562$ 803$ 710Current liabilitiesLong-term liabilities .. . ..Stockholders' equity .. ..1,5219828271,0071,026918$3,090$2,811$2,455WIPER, INC.Selected Income Statement and Other DataFor the Years Ended December 31, 2014 and 2013(in millions)20142013Income statement data:Sales..... $3,050$2,913296310Operating income. .. . . .Interest expense...Net income...Other data:658418719246.741.3Total dividends paid$ 50.0$ 52.3 a. Calculate return on investment, based on net income and average total assets, for2014 and 2013. Show both margin and turnover in your calculation.b. Calculate return on equity for 2014 and 2013.c. Calculate working capital and the current ratio for each of the past three years.d. Calculate earnings per share for 2014 and 2013.If Wiper's stock had a price/earnings ratio of 13 at the end of 2014, what wasthe market price of the stock?e.Calculate the cash dividend per share for 2014 and the dividend yield based onthe market price calculated in part e.f.g.Calculate the dividend payout ratio for 2014.h. Assume that accounts receivable at December 31, 2014, totaled $309 million.Calculate the number of days' sales in receivables at that date.Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2014 and2013.i.j. Calculate the times interest earned ratio for 2014 and 2013.k. Review the results of these calculations, evaluate the profitability and liquidityof this company, and state your opinion about its suitability as an investment fora young, single professional with funds to invest in common stock.

Name: f, g, and h from the balance sheets and income statements of Wiper, In
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Description: f, g, and h from the balance sheets and income statements of Wiper, Inc.:Ratio analysis-Comprehensive problem Presented here are summarized dataAverage number of common shares outstanding...Total dividends paid.....WIPER, INC.Condensed Balance Sheets

Dividend Payout Ratio = Dividend Per Share(DPS)Earning Per Share(EPS) Dividend Yield =…

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Accounting

me Statement and Other Data For the Years Ended December 31, 2014 and 2013 (in millions) 2014 2013 Income statement data: $2,913 $3,050 296 Sales.. 310 Operating income. Interest expense. Net income Other data: 65 84 187 192 46.7 41.3 Average number of common shares outstanding.. Total dividends paid $ 52.3 $ 50.0

me Statement and Other Data For the Years Ended December 31, 2014 and 2013 (in millions) 2014 2013 Income statement data: $2,913 $3,050 296 Sales.. 310 Operating income. Interest expense. Net income Other data: 65 84 187 192 46.7 41.3 Average number of common shares outstanding.. Total dividends paid $ 52.3 $ 50.0

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 17E

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