B. Calculate return on equity for 2014 and 2013. (Round your answers to 1 decima

Question

B. Calculate return on equity for 2014 and 2013. (Round your answers to 1 decimal place.) Return on equity: 2014 ___?___% 2013__?__%
C. Calculate working capital and the current ratio for each of the past three years. (Enter your answers in millions. (i.e., 5,000,000 should be entered as 5.) Round your answers to 1 decimal place.) Working capital 2014 ___?___ 2013___?__ 2012___?___ Current ratio 2014 ___?___ 2013___?__ 2012___?___
D. Calculate earnings for 2014 and 2013. (i.e., 5,000,000 should be entered as 5.) Round your answers to 2 decimal places.) Earnings per share 2014___?_____ 2013 __?__
E. If Wiper's stock had a price/earnings ratio of 12 at the end of 2014, what was the market price of the stock? (Enter your answers in millions.) (i.e., 5,000,000 should be entered as 5) Do not Round your intermediate calculations and round your final answer to 2 decimal places.) Market price ____?____
F. Calculate the cash dividend per share for 2014 and the dividend yield based on the market price calculated in part e. (Enter your answers in millions. (i.e. 5,000,000 should be entered as 5). Round your "cash dividends per share to 2 decimal places and round your "dividend yield" to the nearest whole percent. Cash dividends per share __?___ Dividend yield ___?_____%
G. Calculate the dividend payout ratio for 2014.(do not round your intermediate calculations. Round your answer to nearest while percentage.) Dividend payout ratio ___?___%
H. Assume that accounts receivable at December 31, 2014, totaled $316 million. Calculate the number of days sales in receivables at that date. (use 365 days a year. Do not round your intermediate calculations and round final answer to nearest whole number.) Number of days sales ___?___ days
I. Calculate Wipers debt ratio and debit/equity ratio at December 31, 2014 and 2013. (Round your "debt ratio" to 1 decimal place and round your "debt/equity ratio" to the nearest whole percent.) Debt ratio 2014 ____?____ % 2013 ___?___% Debit/equity ratio2014 ___?___%2013 ___?__%
J. Calculate the times interest earned ratio for 2014 and 2013. (Round your answers to 1 decimal place.) Times interest earned 2014 ___?___times Times interest earned 2013 ___?___times
..ooo Verizon 12:15 AM ezto.mheducation.com Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.: WIPER, INC. Condensed Balance Sheets December 31, 2014, 2013. 2012 (in millions) 2014 2012 S 722 $ 949 803 2,420 927 1726 2013 Current assets Other assets S 3,142 $2,876 $2.529 Current liabilities Long-term liabilities Owners' equity 584 $837 730 1,544 1,014 1,006 1,033 874 925 S 3,142 $2,876 $2.529 WIPER, INC Selected Income Statement and Other Data For the year Ended December 31, 2014 and 2013 (in millions) 2014 2013 Income statement data: Sales Operating income (EBIT) Interest expense Net income $3,057 303 91 212 $2,920 317 72 207 Other data: Average number of common shares outstanding Total dividends paid 42.0 57.0 474 s 53.0 Required a. Calculate return on investment, based on net income and average total assets, for 2014 and 2013. (Round your answers to 1 decimal place.) Return on Investment

Explanation / Answer

Calculate the payout ratio and return on common stockholders’ equity ratio for 2014 and 2013. (Round answers to 1 decimal place, e.g. 12.5%)
2014 2013
Payout ratio
59.59%
102.65%

$345 / 579 = 59.59%
$658 / 641 = 102.65%

Return on common stockholders’ equity
20.52%
22.18%

($579 - 0) / 2,822 = 20.52%
($641 - 0) / 2,890 = 22.18%

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