Item4
20
points
PrintReferencesItem 4
SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $365,700 in 2023 and $352,900 in 2022.
Equity and Liabilities 2023 2022
Share capital—common (132,300 shares issued) $ 1,282,500 $ 1,282,500
Retained earnings (Note 1) 382,200 308,500
Accrued liabilities 10,000 6,000
Notes payable (current) 72,000 66,100
Accounts payable 60,800 177,200
Total equity and liabilities $ 1,807,500 $ 1,840,300
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 $1,364,100 at December 31, 2021.) (Round your answers to 1 decimal place.)
2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.)
