FIN. ACCT.-TOOLS FOR BUS.DEC.MAKING-CODE
9th Edition
ISBN: 9781119595724
Author: Kimmel
Publisher: WILEY C
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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)
2020
2019
2018
Current assets
$
679
$
898
$
743
Other assets
2,414
1,921
1,720
Total assets
$
3,093
$
2,819
$
2,463
Current liabilities
$
563
$
804
$
711
Long-term liabilities
1,522
988
833
Stockholders’ equity
1,008
1,027
919
Total liabilities and stockholders' equity
$
3,093
$
2,819
$
2,463
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
$
3,051
$
2,914
Operating income
297
311
Interest expense
85
66
Net income
194
189
Other data:
Average number of common shares outstanding
41.4
46.8
Total dividends paid
$
51.0
$
52.4…
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)
2020
2019
2018
Current assets
$
679
$
898
$
743
Other assets
2,414
1,921
1,720
Total assets
$
3,093
$
2,819
$
2,463
Current liabilities
$
563
$
804
$
711
Long-term liabilities
1,522
988
833
Stockholders’ equity
1,008
1,027
919
Total liabilities and stockholders' equity
$
3,093
$
2,819
$
2,463
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
$
3,051
$
2,914
Operating income
297
311
Interest expense
85
66
Net income
194
189
Other data:
Average number of common shares outstanding
41.4
46.8
Total dividends paid
$
51.0
$
52.4…
Some selected financial statement items belonging to PXR Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021?
Receivables
18,500
Total Assets in 2021
130,000
Current Liabilities
42,000
Total Assets in 2020
110,000
Net Profit
18,000
Shareholders' Equity
85,000
Select one:
a. 0.18
b. 0.11
c. 0.21
d. 0.18
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