Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Phelps, Inc. had assets of $67,646, labilities of $15.466, and 10.718 shares of outstanding common stock at December 31, 2017 Net income for 2017 was

image text in transcribed
image text in transcribed
image text in transcribed
Phelps, Inc. had assets of $67,646, labilities of $15.466, and 10.718 shares of outstanding common stock at December 31, 2017 Net income for 2017 was 57,829. The company had assets of 579,571, liabilities of $18,551, 10.771 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 $9.993. Required: a. Calculate EPS for 2018 b. Calculate ROE for 2018. c. Calculate the Price Earnings Ratio for 2018 Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate EPS for 2018. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) EPS Regwi Required B > Phelps, Inc had assets of $67646, labilities of $15,466, and 10,718 shares of outstanding common stock at December 31, 2017 Net Income for 2017 was 57,829. The company had assets of $79,571, liabilities of $18,551, 10771 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 $9.993 Required: a. Calculate EPS for 2018 b. Calculate ROE for 2018 c. Calculate the Price/Earnings Ratio for 2018 Complete this question by entering your answers in the tabs below. Required A Required be Required Calculate ROE for 2018. (Round your answer to 1 decimal place) ROE % Phelps, Inc. had assets of $67.646, liabilities of $15.466, and 10,718 shares of outstanding common stock at December 31, 2017 Net income for 2017 was 57,829. The company had assets of $79,571, liabilities of S18,551, 10771 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 $9.993. Required: o. Calculate EPS for 2018 b. Calculate ROE for 2018 c. Calculate the Price/Earnings Ratio for 2018 Complete this question by entering your answers in the tabs below. Required A Required Requirdac Calculate the price/Earnings Ratio for 2018. (Do not round intermediate calculations, Round your final answer to 2 decimal places.) Price Earings Ratio

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Effectiveness Analysis Methods And Applications

Authors: Henry M. Levin, Patrick J. McEwan

2nd Edition

0761919333, 978-0761919339

More Books

Students also viewed these Accounting questions