M11-13 (ALGO) Calculating and Interpreting Earnings per Share (EPS) and Return on Equity (ROE) [LO 11-5]

3 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: 16.66 points Year 1 Year 2 Number of common shares 11,700 11,700 Net income $ 25,740 $ 20,740 Cash dividends paid on common stock $ 3,200 $ 3/200 Total stockholders' equity $ 260,000 $ 240,000 Calculate EPS and ROE for Year 2. (Round EPS to 2 decimal places and ROE to 1 decimal place.) 1 eBook Year 2 Print EPS ROE References