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 foudity and Liabilities share capital-connon (137,700 shares issued) Retained earnings (ote 1) Accrued liabilities sotes payable (current) Accounts payable Total egrity and liabilities Return on equity 2022 23.4 Note 1 Cash dividends were paid at the rate of $1 per share in 2022 and 52 per share in 2023 Required: 1. Calculate the return on common share equity for 2022 and 2023. (Assurne total equity was $1,454,000 at December 31, 2021) (Round your answers to 1 decimal piace) $1,417,500 $1,417,500 417,700 10,300 22.5 2022 22,700 $9,500 $1,937,700 6,500 179,000 $1,979,200 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 $335,800 in 2022 foudity and Liabilities share capital-connon (137,700 shares issued) Retained earnings (ote 1) Accrued liabilities sotes payable (current) Accounts payable Total egrity and liabilities Return on equity 2022 23.4 Note 1 Cash dividends were paid at the rate of $1 per share in 2022 and 52 per share in 2023 Required: 1. Calculate the return on common share equity for 2022 and 2023. (Assurne total equity was $1,454,000 at December 31, 2021) (Round your answers to 1 decimal piace) $1,417,500 $1,417,500 417,700 10,300 22.5 2022 22,700 $9,500 $1,937,700 6,500 179,000 $1,979,200 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
Related questions
Question
Transcribed Image Text: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
share capital-connen (137, 700 shares issued)
Retained earnings (ote 1)
Accrued liabilities
sotes payable (current)
Accounts payable
Total egrity and liabilities
Return on equity
Note 1 Cash dividends were paid at the rate of $1 per share in 2022 and 52 per shore in 2023
Required:
1. Calculate the return on common there equity for 2022 and 2023. (Assurne total equity was $1,454,000 at December 31, 2021)
(Round your answers to 1 decimal piace)
2022
23.4
$1,417,500 $1,417,500
417,700
10,300
22,700
59,500
2023
225
111,300
6,500
65,500
179,000
$1,937,700 $1,979,200
2. Calculate the book value per shares for 2022 and 2023 (Round your answers to 2 decimal places)
2022
XX
S1254 S 13.31
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