Calculate eps and roe for year

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

                                                                              Year 1                Year 2

Number of common shares outstanding          12,700               12,700

Net income                                             $40,640            $35,640

Cash dividends paid on common stock          $2,800          $2,800

Total stockholders' equity                        $360,000          $340,000

Problem 1: Calculate EPS and ROE for Year 2.

Reference no: EM132714157

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