FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
es
Required:
1. Calculate the return on common share equity for 2022 and 2023. (Assume total equity was $1,574,000 at December 31, 2021.)
(Round your answers to 1 decimal place.)
Return on equity
2022
Book value per share
%
2022
2023
2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.)
%
2023
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Transcribed Image Text:es Required: 1. Calculate the return on common share equity for 2022 and 2023. (Assume total equity was $1,574,000 at December 31, 2021.) (Round your answers to 1 decimal place.) Return on equity 2022 Book value per share % 2022 2023 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.) % 2023
ent 10-Ch 12 i
aces
Equity and Liabilities
Share capital-common (131,000 shares issued)
Retained earnings (Note 1)
Accrued liabilities
Notes payable (current)
Accounts payable
Total equity and liabilities
SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $392,900 in 2023 a
$308,400 in 2022.
Return on equity
2022
%
Saved
2023
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 $1,574,000 at December 31, 2021.)
(Round your answers to 1 decimal place.)
%
2023
2022
$1,242,000 $1,242,000
370,400
10,300
80,400
56,400
Help
260,400
6,400
67,300
189,500
$1,759,500 $1,765,600
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Transcribed Image Text:ent 10-Ch 12 i aces Equity and Liabilities Share capital-common (131,000 shares issued) Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $392,900 in 2023 a $308,400 in 2022. Return on equity 2022 % Saved 2023 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 $1,574,000 at December 31, 2021.) (Round your answers to 1 decimal place.) % 2023 2022 $1,242,000 $1,242,000 370,400 10,300 80,400 56,400 Help 260,400 6,400 67,300 189,500 $1,759,500 $1,765,600
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