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Academy Driving School reported the following amounts in its financial statements: Year 2 Year 1 13,500 54,00049,000 2,000 13,500 Number of common shares Net income

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Academy Driving School reported the following amounts in its financial statements: Year 2 Year 1 13,500 54,00049,000 2,000 13,500 Number of common shares Net income Cash dividends paid on common stock Total stockholders' equity 2,000 $440,000 420,000 Calculate EPS and ROE for year 2. (Round EPS to 2 decimal places and ROE to 1 decimal p Year 2 EPS ROE 7%

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