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Phelps, Incorporated had assets of $84,556, liabilities of $18,556, and 12,778 shares of outstanding common stock at December 31, 2020. Net income for 2020 was
Phelps, Incorporated had assets of $84,556, liabilities of $18,556, and 12,778 shares of outstanding common stock at December 31, 2020. Net income for 2020 was $9,456. The company had assets of $99,361, liabilities of $22,261, 11,401 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 $10,598. 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
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