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PLEASE just put answer i dont understand it at all so an explanation will NOT help, just lines with answers please and THANK YOU!! Phelps,
PLEASE just put answer i dont understand it at all so an explanation will NOT help, just lines with answers please and THANK YOU!!
Phelps, Inc. had assets of $71,028, liabilities of $16,084, and 11,130 shares of outstanding common stock at December 31, 2017. Net income for 2017 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, 2018. Net income for 2018 was $10,114. Required: a. Calculate EPS for 2018. b. Calculate ROE for 2018. c. Calculate the Price/Earnings Ratio for 2018. Calculate EPS for 2018. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) EPS Calculate ROE for 2018. (Round your answer to 1 decimal place.) ROE Calculate the Price/Earnings Ratio for 2018. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Price/Earnings RatioStep by Step Solution
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