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Please help me with this question. Thank you. SW Company provides the Equity & Liability information below for analysis. SW Company had net income of
Please help me with this question. Thank you.
SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $365,700 in 2020 and $339,200 in 2019. Equity and Liabilities Share capital-common (144,500 shares issued) Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities 2020 2019 $1,404,000 $1,404,000 394,100 280, 200 10,200 6,300 78,900 66,100 58,900 186,000 $1,946,100 $1,942,600 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 $1,484,000 at December 31, 2018.) (Round your answers to 1 decimal place.) 2019 2020 Return on equity 1% 2. Calculate the book value per shares for 2019 and 2020. (Round your answers to 2 decimal places.) 2019 2020 Book value per shareStep by Step Solution
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