10 3 M11-13 (Algo) Calculating and Interpreting Earnings per Share (EPS) and Return on Equity (ROE) [LO 11-5] Academy Driving School reported the following amounts in its financial statements: points Number of common shares Net income Year 1 12,800 $ 42,240 Year 2 12,800 $ 37,240 eBook Cash dividends paid on common stock Total stockholders' equity Print $ 2,700 $350,000 Calculate EPS and ROE for Year 2. (Round EPS to 2 decimal places and ROE to 1 decimal place.) $ 2,700 $ 370,000 Year 2 EPS ROE %