Swimtech Pools Incorporated (SPI) reported the following in its financial statements for the quarter ended March 31, 2021.

	December 31, 2020	March 31, 2021
Common Stock, $1 par, 60,000 shares issued and outstanding	$ 60,000	$ 60,000
Additional Paid-In Capital	36,000	36,000
Retained Earnings	24,000	24,000
Total Stockholders Equity	$ 120,000	$ 120,000

During the quarter ended March 31, SPI reported Net Income of $3,000 and declared and paid cash dividends totaling $3,000.

Required:

Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31.

Assume SPI repurchases 11,000 of its common stock at a price of $2 per share on April 1, 2021. Also assume that during the quarter ended June 30, 2021, SPI reported Net Income of $3,000 and declared and paid cash dividends totaling $3,000. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended June 30, 2021.