Question: Can you do these step by step value: 3.57 points Phelps, Inc. had assets of $84,556, liabilities of $18,556, and 12,778 shares of outstanding common

 Can you do these step by step value: 3.57 points Phelps,
Inc. had assets of $84,556, liabilities of $18,556, and 12,778 shares ofCan you do these step by step

value: 3.57 points Phelps, Inc. had assets of $84,556, liabilities of $18,556, and 12,778 shares of outstanding common stock at December 31, 2015. Net income for 2015 was $9,456. The company had assets of $99,361 liabilities of $22.261, 11,401 shares of outstanding, and its stock was trading at a price of 1,401 shares of outstanding, and its stock was trading at a price of $10 per share at December 31, 2016. Net income for 2016 was $10,598. Required a. Calculate EPS for 2016. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) 0.74 b. Calculate ROE for 2016. (Round your answer to 1 decimal place.) Round your answer to 1 decimal place.) 13.7 c. Calculate the Price/Eamings Ratio for 2016. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) References Problem Difficulty: 2 Medium Leaning Objective: 11-05 Analyze the earnings per 21 25

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