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SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $400,700 in 2023 and $352,900 in 2022. Equity
SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $400,700 in 2023 and $352,900 in 2022. Equity and Liabilities Share capital-common (121,500 shares issued) Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities Return on equity 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 $1,379,100 at December 31, 2021.) (Round your answers to 1 decimal place.) 2022 Book value per share % 2022 2023 2023 2022 $1,296,000 $1,296,000 % 2023 370,400 10,400 78,900 63,900 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.) 283,000 6,300 67,300 164,900 $1,819,600 $1,817,500 SW Company provides the Equity \& Llability information below for analysis. SW Company had net income of $400,700 in 2023 and $352,900 in 2022 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 feturn on common share equity for 2022 and 2023. (Assume total equity was $1,379,100 at December 31, 2021) (Round your answers to 1 decimal place.) 2 Calculate the book value per shares for 2022 and 2023 . (Round yout answers to 2 decimal places.)
SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $400,700 in 2023 and $352,900 in 2022. Equity and Liabilities Share capital-common (121,500 shares issued) Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities Return on equity 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 $1,379,100 at December 31, 2021.) (Round your answers to 1 decimal place.) 2022 Book value per share % 2022 2023 2023 2022 $1,296,000 $1,296,000 % 2023 370,400 10,400 78,900 63,900 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.) 283,000 6,300 67,300 164,900 $1,819,600 $1,817,500
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