Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $365,700 in 2023 and $339,200 in 2022 Equity

SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $365,700 in 2023 and $339,200 in 2022 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 Return on equity Note 1: Cash dividends were paid at the rate of $1 per share in 2022 and $2 per share in 2023. A 2022 Required: 1. Calculate the return on common share equity for 2022 and 2023 (Assume total equity was $1,484,000 at December 31, 2021) (Round your answers to 1 decimal place.) % 2023 $1,404,000 394,100 10, 200 2023 2022 $1,404,000 280, 200 % 6,300 78,900 66,100 58,900 186,000 $1,946,100 $1,942,600
image text in transcribed
image text in transcribed
SW Company provides the Equity \& Liability information below for analysis. SW Company had net income of $365,700 in 2023 and $339,200 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 retum on common share equity for 2022 and 2023 . (Assume total equity was $1,484,000 at December 31,2021 ) (Round your onswers to 1 decimol ploce.) Wequired

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fraud Analytics Strategies And Methods For Detection And Prevention

Authors: Delena D. Spann

1st Edition

111823068X, 978-1118230688

More Books

Students also viewed these Accounting questions

Question

1. Which position would you take?

Answered: 1 week ago