Texts: McGraw-Hill ConnectADMN
Question 4 Assignment 10-Ch
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SW Company provides the Equity & Liability information below for analysis. SW Company has $363,200 in 2022.
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2023
2022
Equity and Liabilities Share capital - common 122,900 shares issued Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities
$1,431,000 $1,431,000 402,000 285,800 8,600 5,800 76,600 66,700 66,400 161,400 $1,984,600 $1,950,700
awarded
red
Note 1: Cash dividends were paid at the rate of $1 per share in 2022 and $2 per share in 20.
Required: 1. Calculate the return on common share equity for 2022 and 2023. Assume total equity was (Round your answers to 1 decimal place.)
2022: 21.6
2023: 20.6
Return on equity: %
Note: The square root symbol was not mentioned in the provided text.