M11-13 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: Year 1 Year 2 11,600 $ 24,360 11,600 Number of common shares Net income 19,360 $3,100 $230,000 Cash dividends paid on common stock Total stockholders' equity 3,100 $250,000 Calculate EPS and ROE for Year 2. (Round EPS to 2 decimal places and ROE to 1 decimal place.) Year 2 EPS ROE %