Phelps, Inc. had assets of $108,230, liabilities of $22,882, and 15,662 shares of outstanding common stock at December 31, 2017. Net income for 2017 was $11,590. The company had assets of $127,067, liabilities of $27,455, 12,283 shares of outstanding common stock, and its stock was trading at a price of $10 per share at December 31, 2018. Net income for 2018 was $11,445.

Required:

1. Calculate EPS for 2018.

2. Calculate ROE for 2018.

3. Calculate the Price/Earnings Ratio for 2018.