Phelps, Inc. had assets of $118, 376, liabilities of $24, 736, and 16, 898 shares of outstanding common stock at December 31, 2015. Net income for 2015 was $12, 505. The company had assets of $138, 941, liabilities of $29, 681, 12, 661 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, 808. Required: a. Calculate EPS for 2016. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) b. 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.)