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  3. phelps, inc. had assets of $91,320, liabilities of

Phelps, Inc. had assets of $91,320, liabilities of $19,792, and 13,602 shares of outstanding common...

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Accounting

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Phelps, Inc. had assets of $91,320, liabilities of $19,792, and 13,602 shares of outstanding common stock at December 31, 2017. Net income for 2017 was $10,065. The company had assets of $107,277, liabilities of $23,745, 11,653 shares of outstanding common stock, and its stock was trading at a price of $10 per share at December 31, 2018. Net income for 2018 was $10,840. Required: a. Calculate EPS for 2018. b. Calculate ROE for 2018. c. Calculate the Price/Earnings Ratio for 2018

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