SW Company provides the Equity & Liability Information below for analysis. SW Company had net income of $404,600 in 2023 $311,800 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 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 $1,469,000 at December 31, 2021 (Round your answers to 1 decimal place.) 2022 Book value per share % 2022 2023 2022 2023 $1,215,000 $1,215,000 413,800 9,800 79,700 61,400 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.) 311,300 6,600 56,600 175,500 $1,779,700 $1,765,000 2023
SW Company provides the Equity & Liability Information below for analysis. SW Company had net income of $404,600 in 2023 $311,800 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 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 $1,469,000 at December 31, 2021 (Round your answers to 1 decimal place.) 2022 Book value per share % 2022 2023 2022 2023 $1,215,000 $1,215,000 413,800 9,800 79,700 61,400 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.) 311,300 6,600 56,600 175,500 $1,779,700 $1,765,000 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 $404,600 in 2023 and
$311,800 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
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 $1,469,000 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
2022
$1,215,000 $1,215,000
413,800
311,300
9,800
6,600
79,700
56,600
61,400
175,500
$1,779,700 $1,765,000
%
2023
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