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