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Phelps Inc. had assets of $128, 522 Liabilities of $26, 590, and 18, 134 shares of outstanding common stock at December 31, 2015. Net income

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Phelps Inc. had assets of $128, 522 Liabilities of $26, 590, and 18, 134 shares of outstanding common stock at December 31, 2015. Net income for 2015 was $13, 419. The company had assets of $150, 815 liabilities of $31, 907. 13, 039 shares of outstanding and its stock was trading at a price of $10 per share at December 31, 2016 Net income for 2016 was $12, 171. a. Calculate EPS for 2016 (Do not found 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.)

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