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Phelps, Inc. had assets of $87,938, liabilities of $19,174, and 13,190 shares of outstanding common stock at December 31, 2015. Net income for 2015 was
Phelps, Inc. had assets of $87,938, liabilities of $19,174, and 13,190 shares of outstanding common stock at December 31, 2015. Net income for 2015 was $9,761. The company had assets of $103,319, liabilities of $23,003, 11,527 shares of outstanding, and its stock was trading at a price of $10 per share at December 31, 2016. Net income for 2016 was $10,719. Required: Calculate EPS for 2016. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Calculate ROE for 2016. (Round your answer to 1 decimal place.) Calculate the Price/Earnings Ratio for 2016. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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