Essay
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
Correct Answer:
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Part a
2016 EPS = (Net income - Preferre...View Answer
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Correct Answer:
Verified
2016 EPS = (Net income - Preferre...
View Answer
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