Essay
Phelps,Inc. ,had assets of $67,646 and liabilities of $15,466 at the close of 2013 with 10,718 shares of outstanding common stock.Net income for 2013 was $7,829.At the end of 2014,assets were $79,571,liabilities were $18,551,and the company had 10,771 shares of outstanding stock trading at a price of $10 per share.Net income for 2014 was $9,993.
a.Calculate EPS for 2014.
b.Calculate ROE for 2014.
c.Calculate the Price/Earnings Ratio for 2014.
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a.EPS = Net income/Average number of out...View Answer
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