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Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.:...

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Accounting

Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.:

WIPER, INC.
Condensed Balance Sheets
December 31, 2017, 2016, 2015
(in millions)
2017 2016 2015
Current assets $ 764 $ 981 $ 843
Other assets 2,424 1,931 1,730
Total assets $ 3,188 $ 2,912 $ 2,573
Current liabilities $ 588 $ 841 $ 734
Long-term liabilities 1,582 1,034 910
Stockholders equity 1,018 1,037 929
Total liabilities and stockholders' equity $ 3,188 $ 2,912 $ 2,573

WIPER, INC
Selected Income Statement and Other Data
For the year Ended December 31, 2017 and 2016
(in millions)
2017 2016
Income statement data:
Sales $ 3,061 $ 2,924
Operating income 307 321
Interest expense 95 76
Net income 224 219
Other data:
Average number of common shares outstanding 42.4 47.8
Total dividends paid $ 61.0 $ 53.4

f. Calculate the cash dividend per share for 2017 and the dividend yield based on the market price calculated in part e. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

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