M11-13 (Algo) Calculating and Interpreting Earnings per Share (EPS) and Return on Equity (ROE) [LO 11- 5] Academy Driving School reported the following amounts in its financial statements: Number of common shares Net income Cash dividends paid on common stock Total stockholders' equity Year 1 13,000 $ 45,500 $ 2,500 $ 390,000 Year 2 13,000 $ 40,500 $ 2,500 $370,000 Calculate EPS and ROE for Year 2. (Round EPS to 2 decimal places and ROE to 1 decimal place.) Year 2 EPS ROE %