Phelps, Inc. had assets of $108,230, liabilities of $22,882, and 15,662 shares of outstanding common stock at December 31, 2015. Net income for 2015 was $11,590. The company had assets of $127,067, liabilities of $27,455, 12,283 shares of outstanding, and its stock was trading at a price of $10 per share at December 31, 2016. Net income for 2016 was $11,445.

a.

Calculate EPS for 2016. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

.	Calculate ROE for 2016. (Round your answer to 1 decimal place.) c. Calculate the Price/Earnings Ratio for 2016. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)