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Phelps inc had assets of 67646 and liabilities of 15466 at

Question - 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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Accounting Basics: Phelps inc had assets of 67646 and liabilities of 15466 at

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Accounting Basics: Phelps inc had assets of 67646 and liabilities of 15466 at

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