APPLICATIONS+INVESTIGATIONS IN EARTH
APPLICATIONS+INVESTIGATIONS IN EARTH
18th Edition
ISBN: 9781533902405
Author: Tarbuck
Publisher: Hayden-McNeil Publishing
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Chapter 20, Problem 2LR
Summary Introduction

The approximate position of Mercury, Venus and Mars on December 1, 2019.

Introduction:

The planets revolve around the sun in elliptical orbits as a result of the gravitational pull from the sun. The planets are divided into two categories based on different features. The solar system is composed of nine planets that are Mercury, Venus, Earth, Mars, Jupiter, Saturn, Uranus, Neptune, and Pluto. These are huge bodies of rock, dust, and gases.

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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) 2019 $ 900 2,050 $2,950 2018 $700 2020 Current assets other assets $ 650 2,750 $3,400 1,750 $2,450 Total assets Current liabilities Long-term 1iabilities Stockholders' equity $ 700 800 500 800 1,500 1,400 $3,400 1,000 1,150 $2,950 950 Total liabilities and stockholders equity $2,450 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 $3,300 380 80 300 $2,900 300 Operating income Interest expense Net income other data: Average number of common shares outstanding Total dividends paid 70 230 44 42 50 30 Requlred: a. Calculate return on Investment, based on net Income and average total assets, for 2020 and 2019. b. Calculate return on equlty for 2020 and 2019. c. Calculate working capital and the current ratlo for each…
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