Academy Driving School reported the following amounts in its financial statements:

Year 1Year 2

Number of common shares 13,100 13,100

Net income $47,160 $42,160

Cash dividends paid on common stock $2,400 $2,400

Total stockholders' equity $400,000 $380,000

Calculate EPS and ROE for year 2. (Round EPS to 2 decimal places and ROE to 1 decimal place.)

EPS:

ROE: %