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Problem 11-245 [LO 11-5) Phelps, Inc. had assets of $135,286, liabilities of $27,826, and 18,958 shares of outstanding common stock at December 31, 2017. Net

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Problem 11-245 [LO 11-5) Phelps, Inc. had assets of $135,286, liabilities of $27,826, and 18,958 shares of outstanding common stock at December 31, 2017. Net income.for 2017 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, 2018. Net income for 2018 was $12,413. Required a. Calculate EPS for 2018. b. Calculate ROE for 2018 c. Calculate the Price/Earnings Ratio for 2018 Complete this question by entering your answers in the tabs below Required A Required B Required C Calculate EPS for 2018. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) EPS

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