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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 $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
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