SW Company provides the Equity & Liability information below for analysis. SW Company had net and $335,800 in 2022. Equity and Liabilities Share capital-common (136,400 shares issued) Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities 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 $1,439,00 (Round your answers to 1 decimal place.) Return on equity 2022 23.3 % 2023 26.0 % Prox 5 2023 2022 $1,242,000 $1,242,000 417,700 300,000 9,100 6,100 76,600 66,700 63,300 182,500 $1,808,700 $1,797,300 ‒‒‒ - Next
SW Company provides the Equity & Liability information below for analysis. SW Company had net and $335,800 in 2022. Equity and Liabilities Share capital-common (136,400 shares issued) Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities 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 $1,439,00 (Round your answers to 1 decimal place.) Return on equity 2022 23.3 % 2023 26.0 % Prox 5 2023 2022 $1,242,000 $1,242,000 417,700 300,000 9,100 6,100 76,600 66,700 63,300 182,500 $1,808,700 $1,797,300 ‒‒‒ - Next
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:SW Company provides the Equity & Liability information below for analysis. SW Company had net
and $335,800 in 2022.
Equity and Liabilities
Share capital-common (136,400 shares issued)
Retained earnings (Note 1)
Accrued liabilities
Notes payable (current)
Accounts payable
Total equity and liabilities
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 $1,439,00
(Round your answers to 1 decimal place.)
Return on equity
2022
23.3 %
2023
26.0 %
Prox
5
2023
2022
$1,242,000 $1,242,000
417,700
300,000
9,100
6,100
76,600
66,700
63,300
182,500
$1,808,700 $1,797,300
‒‒‒
-
Next
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