Phelps, Inc. had assets of $135,286, liabilities of $27,826, and 18,958 shares of outstanding common stock at December 31, 2015. Net income for 2015 was $14,029. The company had assets of $158,731, liabilities of $33,391, 13,291 shares of outstanding, and its stock was trading at a price of $10 per share at December 31, 2016. Net income for 2016 was $12,413.

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.)