Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Maps Youtube boud other met due 8/4/20 12:30 PM SW Company provides the Equity & Liability Information below for analysis. SW Company had net income
Maps Youtube boud other met due 8/4/20 12:30 PM SW Company provides the Equity & Liability Information below for analysis. SW Company had net income of $389.050 in 2020 and $342.650 in 2019 Equity and Liabilities Share capital-connon (135,000 shares issued) Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities 2020 2019 $1,350,000 $1,350.000 394,070 283,000 9,430 6,010 76,600 62,940 62,630 175,450 $1,892,730 $1,877,480 Note 1: Cash dividends were paid at the rate of $1 per share in 2019 and $2 per share in 2020. Required: 1. Calculate the return on common share equity for 2019 and 2020. (Assume total equity was $1,499,000 at December 31, 2018 (Round your answers to 1 decimal place.) 2019 2020 Return on equily % 2. Calculate the book value per shares for 2019 and 2020. (Round your answers to 2 decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started