SW Company provides the Equity & Liability information below for analysis. SW Company had net income of
Question:
SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $389,050 in 2020 and $342,650 in 2019.
Note 1: Cash dividends were paid at the rate of $1 per share in 2019 and $2 per share in 2020.
Required
1. Calculate the return on common share equity for 2019 and 2020. (Assume total equity was $1,499,000 at December 31, 2018.)
2. Calculate the book value per shares for 2019 and 2020.
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Return on equity Net income minus preferred dividends Average commo...View the full answer
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Related Book For 
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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