WIPER, INC. Condensed Balance Sheets December 31, 2017, 2016,...
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Accounting
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
Calculate Wiper's debt ratio and debt/equity ratio at December 31, 2017 and 2016. (Round "Debt ratio" to 1 decimal place and "Debt/equity ratio" to the nearest whole percent.)
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