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Swifty Inc. has the following selected financial data: 2023 2022 Net income $715,000 $681,000 Total assets 5,143,000 4,544,000 Preferred shares, 4%, cumulative 603,000 603,000 Common

Swifty Inc. has the following selected financial data:

2023

2022

Net income

$715,000

$681,000

Total assets

5,143,000

4,544,000

Preferred shares, 4%, cumulative

603,000

603,000

Common shares

365,000

365,000

Retained earnings

2,793,000

2,207,000

Accumulated other comprehensive income

159,000

144,300

Total shareholders equity

3,920,000

3,319,300

Cash dividends paid in the year

129,000

171,400

Market price of common shares

$98.54

$62.21

Weighted average number of common shares

79,000

79,000

There were no preferred dividends in arrears.

(a)

Calculate the following ratios for 2023: (Round your answers to 2 decimal places, e.g. 52.75 or 52.75%.)

(1)

Rate of return on common shareholders equity

enter percentages rounded to 2 decimal places

%

(2)

Payout ratio

enter percentages rounded to 2 decimal places

%

(3)

Price earnings ratio

enter a number of times rounded to 2 decimal places

times

(4)

Book value

$enter a dollar amount rounded to 2 decimal places

(5)

Rate of return on total assets

enter percentages rounded to 2 decimal places

%

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