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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 $335,800 in 2022. Equity
SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $400,700 in 2023 and $335,800 in 2022. Equity and Liabilities 2023 2022 Share capitalcommon (136,400 shares issued) $ 1,242,000 $ 1,242,000 Retained earnings (Note 1) 417,700 300,000 Accrued liabilities 9,100 6,100 Notes payable (current) 76,600 66,700 Accounts payable 63,300 182,500 Total equity and liabilities $ 1,808,700 $ 1,797,300 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 $1,439,000 at December 31, 2021.) (Round your answers to 1 decimal place.) SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $400,700 in 2023 and $335,800 in 2022. Equity and Liabilities 2023 2022 Share capitalcommon (136,400 shares issued) $ 1,242,000 $ 1,242,000 Retained earnings (Note 1) 417,700 300,000 Accrued liabilities 9,100 6,100 Notes payable (current) 76,600 66,700 Accounts payable 63,300 182,500 Total equity and liabilities $ 1,808,700 $ 1,797,300 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 $1,439,000 at December 31, 2021.) (Round your answers to 1 decimal place.) SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $400,700 in 2023 and $335,800 in 2022. Equity and Liabilities 2023 2022 Share capitalcommon (136,400 shares issued) $ 1,242,000 $ 1,242,000 Retained earnings (Note 1) 417,700 300,000 Accrued liabilities 9,100 6,100 Notes payable (current) 76,600 66,700 Accounts payable 63,300 182,500 Total equity and liabilities $ 1,808,700 $ 1,797,300 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 $1,439,000 at December 31, 2021.) (Round your answers to 1 decimal place.) SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $400,700 in 2023 and $335,800 in 2022. Equity and Liabilities 2023 2022 Share capitalcommon (136,400 shares issued) $ 1,242,000 $ 1,242,000 Retained earnings (Note 1) 417,700 300,000 Accrued liabilities 9,100 6,100 Notes payable (current) 76,600 66,700 Accounts payable 63,300 182,500 Total equity and liabilities $ 1,808,700 $ 1,797,300 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 $1,439,000 at December 31, 2021.) (Round your answers to 1 decimal place.) Calculate:- 2022 2023 Return on equity
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