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Phelps, Incorporated had assets of $87,938, liabilities of $19,174, and 13,190 shares of outstanding common stock at December 31, 2020. Net income for 2020 was
Phelps, Incorporated had assets of $87,938, liabilities of $19,174, and 13,190 shares of outstanding common stock at December 31, 2020. Net income for 2020 was $9,761. The company had assets of $103,319, liabilities of $23,003, 11,527 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 $10,719. Required: Calculate EPS for 2021. Calculate ROE for 2021. Calculate the Price/Earnings Ratio for 2021
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