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Phelps, Inc. had assets of $91,320, liabilities of $19,792, and 13,602 shares of outstanding common stock at December 31, 2015. Net income for 2015 was
Phelps, Inc. had assets of $91,320, liabilities of $19,792, and 13,602 shares of outstanding common stock at December 31, 2015. Net income for 2015 was $10,065. The company had assets of $107,277, liabilities of $23,745, 11,653 shares of outstanding, and its stock was trading at a price of $10 per share at December 31, 2016. Net income for 2016 was $10,840. There are 3 parts: a) Calculate the EPS for 2016. b) Calculate ROE for 2016. c) Calculate the Price/Earnings Ratio for 2016. |
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