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Swimtech Pools Inc. (SPI) reported the following in its financial statements for the quarter ended March 31, 2015 14 31, 2015 $ 50,000 50,000 30,000

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Swimtech Pools Inc. (SPI) reported the following in its financial statements for the quarter ended March 31, 2015 14 31, 2015 $ 50,000 50,000 30,000 20,00020,000 Common Stock, $1 par, 50,000 shares outstanding 30,000 Eanings Total Stockholders' Equity $ 100,000 $100,000 During the quarter ended March 31, SPI reported Net Income of 55,000 and declared and paid cash dividends totaling $5,000. 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. (Round "Earnings per Share" to 2 decimal places and "Return on Equity" to 1 decimal place.) per Share Return on Equity

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