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Calculate EPS for 2016

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Phelps, Inc. had assets of $125,140, liabilities of $25,972, and 17,722 shares of outstanding common stock at December 31, 2014. Net income for 2015 was $13,114. The company had assets of $146,857, liabilities of $31,165, 12,913 shares of outstanding, and its stock was trading at a price of $10 per share at December 31, 2016. Net income for 2016 was $12,050.

A. Calculate EPS for 2016. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

b. Calculate ROE for 2016. (Round your answer to 1 decimal place.)

c. Calculate the Price/Earnings Ratio for 2016. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Reference no: EM131800542

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