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Phelps, Incorporated had assets of $118,376, liabilities of $24,736, and 16,898 shares of outstand 2020. Net income for 2020 was $12,505. The company had
Phelps, Incorporated had assets of $118,376, liabilities of $24,736, and 16,898 shares of outstand 2020. Net income for 2020 was $12,505. The company had assets of $138,941, liabilities of $29,681, 12,661 shares of outstanding common stock, and its stock was trading at a price of $10 per share at December 31, 2021. Net income for 2021 was $11,808. Required: a. Calculate EPS for 2021. b. Calculate ROE for 2021. c. Calculate the Price/Earnings Ratio for 2021. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate EPS for 2021. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) EPS Required A Required B>
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