SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $357,900 in 2023 and $315,200 in 2022. Equity and Liabilities Share capital-common (122,900 shares issued) Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities Return on equity 2022 Note 1: Cash dividends were paid at the rate of $1 per share in 2022 and $2 per share in 2023. Required: 1. Calculate the return on common share equity for 2022 and 2023. (Assume total equity was $1,529,000 at December 31, 2021.) (Round your answers to 1 decimal place.) % 2023 2022 $1,215,000 $1,215,000 390, 100 2023 9,700 82,000 62,000 $1,758,800 263,200 6,100 58,500 179,000 $1,721,800 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.) Book value per share 2022 2023
SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $357,900 in 2023 and $315,200 in 2022. Equity and Liabilities Share capital-common (122,900 shares issued) Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities Return on equity 2022 Note 1: Cash dividends were paid at the rate of $1 per share in 2022 and $2 per share in 2023. Required: 1. Calculate the return on common share equity for 2022 and 2023. (Assume total equity was $1,529,000 at December 31, 2021.) (Round your answers to 1 decimal place.) % 2023 2022 $1,215,000 $1,215,000 390, 100 2023 9,700 82,000 62,000 $1,758,800 263,200 6,100 58,500 179,000 $1,721,800 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.) Book value per share 2022 2023
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $357,900 in 2023 and
$315,200 in 2022.
Equity and Liabilities
Share capital-common (122,900 shares issued)
Retained earnings (Note 1)
Accrued liabilities
Notes payable (current)
Accounts payable
Total equity and liabilities
Return on equity
2022
Note 1: Cash dividends were paid at the rate of $1 per share in 2022 and $2 per share in 2023.
Required:
1. Calculate the return on common share equity for 2022 and 2023. (Assume total equity was $1,529,000 at December 31, 2021.)
(Round your answers to 1 decimal place.)
%
2023
2022
$1,215,000 $1,215,000
390, 100
2023
9,700
82,000
62,000
$1,758,800
263,200
6,100
58,500
179,000
$1,721,800
Transcribed Image Text:2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.)
Book value per share
2022
2023
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