E$11-17($Algo$)$ Determining the Effect of a Stock Repurchase on EPS and ROE $[$LO $11-2,$ LO $11-5]$

Swimtech Pools Incorporated $($SPI$)$ reported the following in its financial statements for the quarter ended March $31,2021.$

During the quarter ended March $31,$ SPI reported Net Income of $$6,240$ and declared and paid cash dividends totaling $$6,240.$

Required:

Calculate earnings per share $($EPS$)$ and return on equity $($ROE$)$ for the quarter ended March $31.$

Complete this question by entering your answers in the tabs below.

Calculate earnings per share $($EPS$)$ and return on equity $($ROE$)$ for the quarter ended March $31.($Round "Earnings per Share"

to $2$ decimal places and "Return on Equity" to $1$ decimal place.$)$