Question

Phelps, Inc. had assets of $67,646, liabilities of $15,466, and 10,718 shares of outstanding common stock at December 31, 2014. Net income for 2015 was $7,829. The company had assets of $79,571, liabilities of $18,551, 10,771 shares of outstanding, and its stock was trading at a price of $10 per share at December 31, 2016. Net income for 2016 was $9,993.

Required:

Part a. Calculate EPS for 2016.

Part b. Calculate ROE for 2016.

Part c. Calculate the Price/Earnings ratio for 2016

Answer

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