Required: 1. Calculate the return on common share equity for 2022 and 2023. (Assume total equity was $1,588,900 at December 31, 2021.) (Round your answers to 1 decimal place.) Return on equity 2022 Book value per share % 2022 2023 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.) % 2023

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $396,800 in 2023 and
$335,800 in 2022.
Equity and Liabilities.
Share capital-common (121,500 shares issued)
Retained earnings (Note 1)
Accrued liabilities.
Notes payable (current)
Accounts payable.
Total equity and liabilities
2023
2022
$1,431,000 $1,431,000
398,000
8,700
79,700
56,400
$1,973,800
268,900
6,100
59,200
182,500
$1,947,700
Note 1: Cash dividends were paid at the rate of $1 per share in 2022 and $2 per share in 2023.
Transcribed Image Text:SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $396,800 in 2023 and $335,800 in 2022. Equity and Liabilities. Share capital-common (121,500 shares issued) Retained earnings (Note 1) Accrued liabilities. Notes payable (current) Accounts payable. Total equity and liabilities 2023 2022 $1,431,000 $1,431,000 398,000 8,700 79,700 56,400 $1,973,800 268,900 6,100 59,200 182,500 $1,947,700 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 $1,588,900 at December 31, 2021.)
(Round your answers to 1 decimal place.)
Return on equity
2022
Book value per share
%
2022
2023
2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.)
%
2023
Transcribed Image Text:Required: 1. Calculate the return on common share equity for 2022 and 2023. (Assume total equity was $1,588,900 at December 31, 2021.) (Round your answers to 1 decimal place.) Return on equity 2022 Book value per share % 2022 2023 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.) % 2023
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