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) Retained earnings (Note 1). Accrued liabilities Notes payable (current)) Accounts payable Total equity and liabilities Return on equity 2022 2023 2022 $1,242,000 $1,242,000 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.) 2023 417,700 9,100 300,000 6,100 76,600 66,700 63,300 182,500 $1,808,700 $1,797,300
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) Retained earnings (Note 1). Accrued liabilities Notes payable (current)) Accounts payable Total equity and liabilities Return on equity 2022 2023 2022 $1,242,000 $1,242,000 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.) 2023 417,700 9,100 300,000 6,100 76,600 66,700 63,300 182,500 $1,808,700 $1,797,300
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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.)
Return on equity
2022
Book value per share
2. Calculate the book value per shares for 2022 and 2023 (Round your answers to 2 decimal places.)
2023
2022
2023
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
Share capital-common (136,400 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 $1,439,000 at December 31, 2021)
(Round your answers to 1 decimal place.)
Return on equity
2022
2022
2023
$1,242,000 $1,242,000
417,700
300,000
9,100
6,100
76,600
66,700
63,300
182,500
$1,808,700 $1,797,300
2023
te Wind
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