SW Company provides the Equity & Liability information below for analysis. SW Company had net income of

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SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $389,050 in 2023 and $342,650 in 2022.

Required1. Calculate the return on common share equity for 2022 and 2023. (Assume total equity was $1,499,000 at December 31, 2021.)2. Calculate the book value per shares for 2022 and 2023.

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Fundamental Accounting Principles Volume 2

ISBN: 9781260881332

17th Canadian Edition

Authors: Kermit D. Larson, Heidi Dieckmann, John Harris

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Question Posted: Jul 07, 2023 07:01 AM

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SW Company provides the Equity & Liability information below for analysis. SW Company had net income of

Question:

Equity and Liabilities 2023 2022 Share capital-common (135,000 shares issued) $1,350,000 $1,350,000 Retained earnings (Note 1) 394,070 283,000 Accrued liabilities 6,010 Notes payable (current) 62,940 Accounts payable Total equity and liabilities 9,430 76,600 62,630 175,450 $1,892,730 $1,877,400

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Fundamental Accounting Principles Volume 2

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