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Phelps, Incorporated had assets of $135,286, liabilities of $27,826, and 18,958 shares of outstanding common stock at December 31, 2020. Net income for 2020 was
Phelps, Incorporated had assets of $135,286, liabilities of $27,826, and 18,958 shares of outstanding common stock at December 31, 2020. Net income for 2020 was $14,029. The company had assets of $158,731, liabilities of $33,391, 13,291 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 $12,413. Required: Calculate EPS for 2021. Calculate ROE for 2021. Calculate the Price/Earnings Ratio for 2021.
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