$325,500 in 2022

Equity and Liabilities

Share capital-common (144, 500 shares issued)

Retained earnings (Note 1)

Accrued liabilities

Notes payable (current)

Accounts pavable

Total equity and liabilities

Print

References

2023

2022

$1,323,000

$1, 323,000

417, 7ee

297,200

9,100

6,600

73,500

69,200

56,400

179,000

$1,879,700 $1,875,000

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 $1,514,000 at December 31, 2021.)

(Round your answers to 1 decimal place.)

Return on equity

2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.)

2022

2023

Book value per share