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Academy Driving School reported the following amounts in its financial statements: Year 2 Year 1 12,700 12,700 40,640 35,640 dends paid on common stock 2,800

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Academy Driving School reported the following amounts in its financial statements: Year 2 Year 1 12,700 12,700 40,640 35,640 dends paid on common stock 2,800 2,800 $360,000340,000 Number of common shares Net income Total stockholders' equity Calculate EPS and ROE for year 2. See calculations on page 503. Note that there are NO preferred dividends, so the numerator is simply Net Income. (Round EPS to 2 decimal places and ROE to 1 decimal place.) Year 2 EPS ROE

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