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 LiabilitiesShare capital-common (122,900 shares issued)Retained earnings (Note 1).Accrued liabilitiesNotes payable (current)Accounts payableTotal equity and liabilities20232022$1,215,000 $1,215,000413,800 311,3009,8006,60079,70061,40056,600175,500$1,779,700 $1,765,000Note 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.)20222023Return on equity%2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.)20222023Book value per share

Although the high ROE is typically advantageous, it must be understood in light of the industry and…

Answered: SW Company provides the Equity &…

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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Given the following data for the King Company: How would common stock appear on a common size balance sheet? Curment labites $ 400 Long term debt 480 Common stack 700 Retained eanings Total iabities & sochdders equty $2,500 920 Enlarged View 20% 70% 28% 30%
Given the following data for the Vaughn Manufacturing: Current liabilities $550 Long-term debt 510 Common stock 744 Retained earnings 1296 Total liabilities & stockholders’ equity $3100 How would common stock appear on a common size balance sheet? 26% 16% 24% 58%
The balance sheet for Shankland Corporation follows: 000'009 $ 000006 Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings 000 0000 000 00 000 009' 000 006 Total liabilities and stockholders' equity 000'00s Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio
(Figures in $ millions) Assets 2021 2022 Liabilities and Shareholders' Equity 2021 2022 Current assets $ 310 $ 420 Current liabilities $ 210 $ 240 Net fixed assets 1,200 1,420 Long-term debt 830 920 Required: a&b. What was shareholders’ equity at the end of 2021 and 2022? c. If Newble paid dividends of $100 million in 2022 and made no stock issues, what must have been net income during the year? d. If Newble purchased $300 million in fixed assets during 2022, what must have been the depreciation charge on the income statement? e. What was the change in net working capital between 2021 and 2022? f. If Newble issued $200 million of new long-term debt, how much debt must have been paid off during the year
Stark Company's most recent balance sheet reported total assets of $1,840,000, total liabilities of $830,000, and total equity of $1,010,000. Its debt-to-equity ratio is: 1.00 0.82 0.55 1.22 0.45
he financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) 2021 2020 Sales $ 9,343 $ 10,434 Net income $ 230 $ 748 Stockholders' equity $ 1,760 $ 2,240 Average Shares outstanding (in millions) 640 - Dividends per share $ 0.33 - Stock price $ 8.10 - Required:Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
Presented below are data for Caracas Corp. 2017 2018 Assets, January 1 $6,840 ? Liabilities, January 1 ? $4,104 Stockholders' Equity, Jan. 1 ? $4,125 Dividends 855 969 Common Stock 912 975 Stockholders' Equity, Dec. 31 ? 3,399 Net Income 1,026 ? Net income for 2018 is... $243 loss. $726 income. $180 income. $726 loss. Please show work.
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SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $365, 700 in 2023 and $335,800 in 2022. Equity and Liabilities 2023 2022 Share capital-common (137,700 shares issued) $ 1,417,500 $ 1,417,500 Retained earnings (Note 1) 417,700 311, 300 Accrued liabilities 10,300 6,500 Notes payable (current) 82,700 65,500 Accounts payable 59,500 179,000 Total equity and liabilities $1,987,700 $ 1,979,800 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 $1,454,000 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.)
Shown below is the liabilities and stockholders’ equity section of the balance sheet for Jana Kingston Company and Mary Ann Benson Company. Each has assets totaling $4,200,000. Jana Kingston Co. 000 Mary Ann Benson Co. Current liabilities $ 300,000 Current liabilities $0.600,000 Long-term debt, 10% 1,200,000 Common stock ($20 par) 2,900,000 Common stock ($20 par) 2,000,000 Retained earnings (Cash dividends, $328,000) 700,000 Retained earnings (Cash dividends, $220,000) 00.700,000 0 00.700,000 00 $4,200,000 00 $4,200,000 For the year, each company has earned the same income before interest and taxes. 00 0000 Jana Kingston Co. 0000 Mary Ann Benson Co. Income before interest and taxes $1,200,000** $1,200,000*** Interest expense 00120,000** 00–0–****** 00 1,080,000** 1,200,000*** Income taxes (20%) 00216,000** 00240,000*** Net income $ 864,000** $ 960,000*** At year-end, the market price of Kingston's stock was…
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C. Reither Co. reports the following information for 2025: sales revenue $700,000 cost of goodssold $500,000, operating expenses $80,000, and an unreliazed holding loss on available-for-sale debt securities of 2025 of $60,000. It declared and paid a cash dividend of $10,000 in 2025. C. Reither Co. has Janaury 1, 2025, balances in common stock $350,000; accumulated other comprehensive income $80,000; and retained earnings $90,000. It issued no stock during 2025. Prepare a statement of stockholders' equity. (Ignore income taxes).

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