SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $400,700 in 2023 and $335,800 in 2022. Equity and Liabilities Share capital-common (136,400 shares issued) S Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities 2023 S 1,242,000 417,700 9,100 76,600 63,300 1,808,700 2022 S 1,242,000 300,000 6,100 66,700 182,500 $ 1,797,300 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 $1,439,000 at December 31, 2021.) (Round your answers to 1 decimal place.) 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.)
SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $400,700 in 2023 and $335,800 in 2022. Equity and Liabilities Share capital-common (136,400 shares issued) S Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities 2023 S 1,242,000 417,700 9,100 76,600 63,300 1,808,700 2022 S 1,242,000 300,000 6,100 66,700 182,500 $ 1,797,300 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 $1,439,000 at December 31, 2021.) (Round your answers to 1 decimal place.) 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $400,700 in 2023 and $335,800 in 2022.
Equity and Liabilities
2023
Share capital-common (136,400 shares issued) $
Retained earnings (Note 1)
Accrued liabilities
Notes payable (current)
Accounts payable
Total equity and liabilities
$
1,242,000
417,700
9,100
76,600
63,300
1,808,700
2022
$ 1,242,000
300,000
6,100
66,700
182,500
$ 1,797,300
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 $1,439,000 at December 31, 2021.) (Round your answers to 1 decimal place.)
2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.)
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