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 2023 2022 $1,282,500 $1,282,500 382,200 308,500 10,000 6,000 72,000 66,100 60,800 177,200 $1,807,500 $1,840,300 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 $1,364,100 at December 31, 2021) 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 $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 2023 2022 $1,282,500 $1,282,500 382,200 308,500 10,000 6,000 72,000 66,100 60,800 177,200 $1,807,500 $1,840,300 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 $1,364,100 at December 31, 2021) 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.)
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
2022
2023
$1,282,500 $1,282,500
382,200
308,500
6,000
66,100
177,200
$1,807,500 $1,840,300
10,000
72,000
60,800
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 $1,364.100 at December 31, 2021.)
2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.)
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