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Phelps, Incorporated had assets of $71,028, liabilities of $16,084, and 11,130 shares of outstanding common stock at December 31 , 2020. Net income for 2020
Phelps, Incorporated had assets of $71,028, liabilities of $16,084, and 11,130 shares of outstanding common stock at December 31 , 2020. Net income for 2020 was $8,236. The company had assets of $83,529, liabilities of $19,293,10,897 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 $10,114. Required: a. Calculate EPS for 2021. b. Calculate ROE for 2021. c. Calculate the Price/Earnings Ratio for 2021
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