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Calculate eps and roe for year

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Question - Academy Driving School reported the following amounts in its financial statements:

                                                               Year 1                 Year 2 

Number of common shares                        13,100                 13,100  

Net income                                               $47,160               $42,160 

Cash dividends paid on common stock       $2,400                 $2,400  

Total stockholders' equity                          $400,000              $380,000 

Calculate EPS and ROE for year 2. (Round EPS to 2 decimal places and ROE to 1 decimal place.)

Reference no: EM131651189

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