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Swimtech Pools Inc. (SPI) reported the following in its financial statements for the quarter ended March 31, 2018. December 31 2017 31, 2018 March Common

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Swimtech Pools Inc. (SPI) reported the following in its financial statements for the quarter ended March 31, 2018. December 31 2017 31, 2018 March Common Stock, $1 par, 44,000 shares outstanding Additional Paid-In Capital Retained Earnings $44,000 26,400 $44,000 26,400 17,600 17,600 $88,000 $88,000 Total Stockholders' Equity During the quarter ended March 31, SPI reported Net Income of $3,960 and declared and paid cash dividends totaling $3,960. Required: 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. 2. Assume SPI repurchases 9,400 of its common stock at a price of $2 per share on April 1, 2018. Also assume that during the quarter ended June 30, 2018, SPI reported Net Income of $3,960 and declared and paid cash dividends totaling $3,960. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended June 30, 2018 Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 decimal place.) Earnings per Share % Return on Equity Assume SPI repurchases 9,400 of its common stock at a price of $2 per share on April 1, 2018. Also assume that during the quarter ended June 30, 2018, SPI reported Net Income of $3,960 and declared and paid cash dividends totaling $3,960. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended June 30, 2018. (Round "Earnings per Share" to 3 decimal places and "Return on Equity" to 1 decimal place.) Show less Earnings per Share Return on Eauity

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