Swimtech Pools Inc. (SP) reported the following in its financial statements for the quarter ended March 31, 2018 Common Stock, $1 par, 41,000 shares outstanding Additional Paid-In Capital Retained Earnings Total Stockholders' Equity December March 31, 2017 31, 2018 $41,000 $41,000 24,600 24,600 16,400 16,400 $82,000 $82,000 During the quarter ended March 31, SPI reported Net Income of $2,460 and declared and paid cash dividends totaling $2,460. Required: 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. 2. Assume SPI repurchases 9,100 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 $2,460 and declared and paid cash dividends totaling $2,460. 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 1 decimal place.) $ 0.06 Earnings por Share Return on Equity 3.01% Common Stock, $1 par, 41,000 shares outstanding Additional Paid-In Capital Retained Earnings Total Stockholders' Equity December March 31, 2017 31, 2018 $41,000 $41,000 24,600 24,600 16,400 16,400 $82,000 $82,000 During the quarter ended March 31, SPI reported Net Income of $2,460 and declared and paid cash dividends totaling $2,460, Required: 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. 2. Assume SP repurchases 9,100 of its common stock at a price of $2 per share on April 1, 2018. Also assume that during the quart- ended June 30, 2018, SPI reported Net Income of $2.460 and declared and paid cash dividends totaling $2.460. Calculate earni 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 Assume SPI repurchases 9,100 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 $2,460 and declared and paid cash dividends totaling $2,460 Calculate eamings 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 Retum on Equity 0.771 27.01%
