E11-17 Determining the Effect of a Stock Repurchase on EPS and ROE (LO 11-2, LO 11-5] Swimtech Pools Inc. (SPD) reported the following in its financial statements for the quarter ended March 31, 2018 Common Stock, 51 par, 52,000 shares outstanding Additional Paid-In Capital Retained Earnings Total Stockholders' Equity December 31, 2012 $ 52,000 31,200 20,500 $104,000 March 31 2018 $ 52,000 31,200 20,800 $164,000 During the quarter ended March 31, SPI reported Net Income of 56,240 and declared and paid cash dividends totating $6.240. Required: 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. 2. Assume SPI repurchases 10,200 of its common stock at a price of $2 per share on April 1. 2018. Also assume that during the quarter ended June 30, 2018. SP reported Net Income of $6,240 and declared and paid cash dividends totaling $6,240. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended June 30, 2018 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. (Round "Earnings per Sharo" to 2 decimal places and "Return on Equity" to 1 decimal place.) Earnings per Share Return on Equity % Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume SPL repurchases 10,200 of its common stock at a price of $2 per share on April 1, 2018. Also assume that during the quarter ended June 30, 2018, SPI reported Net Income of $6,240 and declared and paid cash dividends totaling $6,240 Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended June 30, 2018. (Round "Earnings per Share" to 3 decimal places and "Return on Equity to 1 decimal place.) Show less Earnings per Share Return on Equity 96