Phelps, Incorporated had assets of $67,646, llabilities 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: a. Calculate EPS for 2021. b. Calculate ROE for 2021. c. Calculate the Price/Earnings Ratio for 2021. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate EPS for 2021. (Do not round intermediate calculations. Round your final answer to 2 decimal place EPS
Phelps, Incorporated had assets of $67,646, llabilities 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: a. Calculate EPS for 2021. b. Calculate ROE for 2021. c. Calculate the Price/Earnings Ratio for 2021. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate EPS for 2021. (Do not round intermediate calculations. Round your final answer to 2 decimal place EPS
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 19P: Anoka Company reported the following selected items in the shareholders equity section of its...
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![Phelps, Incorporated had assets of $67,646, llabilities 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:
a. Calculate EPS for 2021.
b. Calculate ROE for 2021.
c. Calculate the Price/Earnings Ratio for 2021.
Complete this question by entering your answers in the tabs below.
Required A Required B Required C
Calculate EPS for 2021. (Do not round intermediate calculations. Round your final answer to 2 decimal place
EPS
< Required A
Required B >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F07f87a3b-86a0-4c2a-bf90-2fea628bc90d%2F7ade9696-6dd7-4b10-a38a-6b7445e50e7b%2Fjy9z04d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Phelps, Incorporated had assets of $67,646, llabilities 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:
a. Calculate EPS for 2021.
b. Calculate ROE for 2021.
c. Calculate the Price/Earnings Ratio for 2021.
Complete this question by entering your answers in the tabs below.
Required A Required B Required C
Calculate EPS for 2021. (Do not round intermediate calculations. Round your final answer to 2 decimal place
EPS
< Required A
Required B >
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