Question
544 Phelps, Inc. had assets of $121,758, liabilities of $25,354, and 17,310 shares of outstanding common stock at December 31, 2017. Net income for 2017
544 Phelps, Inc. had assets of $121,758, liabilities of $25,354, and 17,310 shares of outstanding common stock at December 31, 2017. Net income for 2017 was $12,809. The company had assets of $142,899, liabilities of $30,423, 12,787 shares of outstanding common stock. and its stock was trading at a price of $10 per share at December 31, 2018. Net income for 2018 was $11,929. Required: a. Calculate EPS for 2018. b. Calculate ROE for 2018. c. Calculate the Price/Earnings Ratio for 2018. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate EPS for 2018. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) EPS Required A Required B > Phelps, Inc. had assets of $121,758, liabilities of $25,354, and 17.310 shares of outstanding common stock at December 31, 2017. Net income for 2017 was $12,809. The company had assets of $142,899, liabilities of $30,423, 12,787 shares of outstanding common stock, and its stock was trading at a price of $10 per share at December 31, 2018. Net income for 2018 was $11,929. Required: a. Calculate EPS for 2018. 12 b. Calculate ROE for 2018. c. Calculate the Price/Earnings Ratio for 2018. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate ROE for 2018. (Round your answer to 1 decimal place.) ROE % > 21 Phelps, Inc. had assets of $121,758, liabilities of $25,354, and 17,310 shares of outstanding common stock at December 31, 2017. Net income for 2017 was $12,809. The company had assets of $142,899, liabilities of $30,423, 12,787 shares of outstanding common stock, and its stock was trading at a price of $10 per share at December 31, 2018. Net income for 2018 was $11,929. Required: a. Calculate EPS for 2018. b. Calculate ROE for 2018. c. Calculate the Price/Earnings Ratio for 2018. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the Price/Earnings Ratio for 2018. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Price/Earrings Ratio
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