Question: SW Company provides the Equity & Liability information below for analysis SW Company had net income of $365,700 in 2020 and $339,200 in 2019. Equity

SW Company provides the Equity & Liability information below for analysis SW Company had net income of $365,700 in 2020 and $339,200 in 2019.

Equity and Liabilities 2020 2019

Share capital common (122,900 shares issued) $ 1,215,000 $ 1,215,000

Retained earnings (Note 1) 413,800 311,300

Accrued liabilities 9,800 6,600

Notes payable (current) 79,700 56,600

Accounts payable 61,400 175,500

Total equity and liabilities $ 1,779,700 $ 1,765,000

Note 1: Cash dividends were paid at the rate of $1 per

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 $1,484,000 at December 31, 2018.) (Round your answers to 1 decimal place.)

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