In: Accounting
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 | 2019 | 2018 | |||||||
Current assets | $ | 722 | $ | 949 | $ | 803 | |||
Other assets | 2,420 | 1,927 | 1,726 | ||||||
Total assets | $ | 3,142 | $ | 2,876 | $ | 2,529 | |||
Current liabilities | $ | 584 | $ | 837 | $ | 730 | |||
Long-term liabilities | 1,544 | 1,006 | 874 | ||||||
Stockholders’ equity | 1,014 | 1,033 | 925 | ||||||
Total liabilities and stockholders' equity | $ | 3,142 | $ | 2,876 | $ | 2,529 | |||
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 | $ | 3,057 | $ | 2,920 | ||
Operating income | 303 | 317 | ||||
Interest expense | 91 | 72 | ||||
Net income | 212 | 207 | ||||
Other data: | ||||||
Average number of common shares outstanding | 42.0 | 47.4 | ||||
Total dividends paid | $ | 57.0 | $ | 53.0 | ||