Phelps inc had assets of 68246 and liabilities of 15366 at, Ask an Expert

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Phelps, Inc., had assets of $68,246 and liabilities of $15,366 at the close of 2010 with 10,418 shares of outstanding common stock. Net income for 2010 was $6,929. At the end of 2011, assets were $79,070, liabilities were $19,050, and the company had 10,870 shares of outstanding stock trading at a price of $12 per share. Net income for 2011 was $9,693.

(a)Calculate EPS for 2011. (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)
EPS $

(b)Calculate ROE for 2011. (Round your answer to 2 decimal places. Omit the "%" sign in your response.)
ROE %

(c)Calculate the Price/Earnings Ratio for 2011. (Round your intermediate calculation and final answer to 2 decimal places.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9980051

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