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
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...
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![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe27fe8aa-42dc-4abb-95e4-76dcbb550513%2Fb951a2f5-1103-4679-912b-efbab7924b82%2Fyn5ucv_processed.png&w=3840&q=75)
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
![2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.)
Book value per share
2022
2023](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe27fe8aa-42dc-4abb-95e4-76dcbb550513%2Fb951a2f5-1103-4679-912b-efbab7924b82%2F1ofvfxh_processed.png&w=3840&q=75)
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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