Phelps, Incorporated had assets of $67,646, liabilities of $15,466, and 10,718 shares of outstanding common...

90.2K

Verified Solution

Question

Accounting

Phelps, Incorporated had assets of $67,646, liabilities of $15,466, and 10,718 shares of outstanding common stock at December 31,2020. Net income for 2020 was $7,829. The company had assets of $79,571, liabilities of $18,551,10,771 shares of outstanding common stock, and its stock was trading at a price of $10 per share at December 31,2021. Net income for 2021 was $9,993.
Required:
Calculate EPS for 2021.
Calculate ROE for 2021.
Calculate the Price/Earnings Ratio for 2021.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students