Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. answer of d. please explain. presented here a

Answer of D. please explain. Presented here are summarized data...

60.1K

Verified Solution

Question

Accounting

Answer of D. please explain.
image
image
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 Current assets $ 798 Other assets 2,429 Total assets $3,227 Current liabilities $ 593 Long-term liabilities 1,611 Stockholders' equity 1,023 Total liabilities and stockholders' equity $3,227 2019 $1,031 1,936 $2,967 $ 846 1,079 1,042 $2.967 2018 $ 893 1,735 $2,628 $ 748 946 934 $2,628 ces 2019 WIPER INC. Selected Income Statement and other Data For the year Ended December 31, 2020 and 2019 in million) 2020 Income statement data: Sales $3,066 Operating income 312 Interest expense 100 Not income 239 Other data Average number of common shares outstanding 12.9 Total dividends paid $ 66.0 $2,929 326 81 234 48.3 $ 53.9 Required: a. Calculate return on investment, based on net income and average total assets, for 2020 and 2019, b. Calculate return on equity for 2020 and 2019 Req A and B Reqc Reg D Reg E to H Reg Req] Calculate earnings per share for 2020 and 2019. Round your answers to 2 decimal places.) 2020 2019 Earnings per share 5.65 $ 4.85

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!
Become a Member

Other questions asked by students

Q

Which group of pacemaker cells is responsible for setting the heart rate in a healthy patient?...

Medical Sciences
Q

6. Which of the following are steps toward measuring the distance to stars using spectroscopic parallax?...

Physics
Q

2 16 0 A s 3 1 6 A s 4 Two coils A and...

Physics
Q

3 The device shown in measure the pressure and volume flow rate when a person...

Physics
Q

Solve the inequality -3 < 2x + 5 ? 13.-8 < x?8-4 < x <...

Basic Math
Q

Question 21 2 5 points Salaries Sue Brown is a salesperson at a car dealer...

Algebra
Q

Required information [The following information applies to the questions displayed below.] Nicole's Getaway...

Accounting
Q

Si las cuentas por pagar han aumentado durante un perodo A. los ingresos en base...

Accounting
Q

Jaruary 1.202a Eanh 51500 Sondh Payahle Eontribubad Surplus - Canvernlan Righta ...

Accounting
Q

The Coca-Cola Company uses an EVA approach to performance measure which it calls economic profit....

Accounting
Q

Virtage Motons, inc, was formed on January 1, 2021. The following transactons occurred during 2021:...

Accounting
Q

mylab.pearson. P2022 FN 310-QL Fund of Financial Management Jaylen Key 04/11/22 3:33 PM Homework: Chapter...

Finance