SW Company provides the Equity & Liability Information below for analysis. SW Company had net Income of $365,700 in 2023 and $352,900 in 2022. Equity and Liabilities Share capital-common (132,300 shares issued) Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities Return on equity 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 $1,364,100 at December 31, 2021.) (Round your answers to 1 decimal place.) 2022 Book value per share 2023 2022 2023 2022 $1,282,500 $1,282,500 % 2023 382,200 10,000 72,000 60,800 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.) 308,500 6,000 66,100 177,200 $1,807,500 $1,840,300
SW Company provides the Equity & Liability Information below for analysis. SW Company had net Income of $365,700 in 2023 and $352,900 in 2022. Equity and Liabilities Share capital-common (132,300 shares issued) Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities Return on equity 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 $1,364,100 at December 31, 2021.) (Round your answers to 1 decimal place.) 2022 Book value per share 2023 2022 2023 2022 $1,282,500 $1,282,500 % 2023 382,200 10,000 72,000 60,800 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.) 308,500 6,000 66,100 177,200 $1,807,500 $1,840,300
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:SW Company provides the Equity & Liability Information below for analysis. SW Company had net income of $365,700 in 2023 and
$352,900 in 2022.
Equity and Liabilities
Share capital-common (132,300 shares issued)
Retained earnings (Note 1)
Accrued liabilities
Notes payable (current)
Accounts payable
Total equity and liabilities
Return on equity
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 $1,364,100 at December 31, 2021.)
(Round your answers to 1 decimal place.)
2022
Book value per share
%
2022
2023
2023
2022
$1,282,500 $1,282,500
%
2023
382,200
10,000
72,000
60,800
$1,807,500
2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.)
308,500
6,000
66,100
177, 200
$1,840,300
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