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SW Company provides the Equity & Liability Information below for analysis. SW Company had net Income of $365,700 in 2023 and $352,900 in 2022 Equity
SW Company provides the Equity & Liability Information below for analysis. SW Company had net Income of $365,700 in 2023 and $352,900 in 2022 Equity and Liabilities. Share capital-common (132, 300 shares issued) Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities 2023 2022 $1,282,500 $1,282,500 308,500 6,000 66,100 177,200 $1,840,300 382,200 10,000 72,000 60,800 $1,807,500 Note 1: Cash dividends were pald 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 $1,364,100 at December 31, 2021.) 2. Calculate the book value per shares for 2022 and 2023.
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