Essay
Phelps,Inc.,had assets of $67,646 and liabilities of $15,466 at the close of 2018 with 10,718 shares of outstanding common shares.Net income for 2018 was $7,829.At the end of 2019,assets were $79,571 and liabilities were $18,551,and the company had 10,771 shares of outstanding stock.Net income for 2019 was $9,993.
a)Calculate EPS for 2019.
b)Calculate ROE for 2019.
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a)EPS = Net income/average number of out...View Answer
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