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Business, 16.04.2020 20:44 sanic123

Phelps, Inc. had assets of $104,848, liabilities of $22,264, and 15,250 shares of outstanding common stock at December 31, 2017. Net income for 2017 was $11,285. The company had assets of $123,109, liabilities of $26,713, 12,157 shares of outstanding common stock, and its stock was trading at a price of $10 per share at December 31, 2018. Net income for 2018 was $11,324. Required: Calculate EPS for 2018. Calculate ROE for 2018. Calculate the Price/Earnings Ratio for 2018.

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Phelps, Inc. had assets of $104,848, liabilities of $22,264, and 15,250 shares of outstanding common...
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