Phelps inc had assets of 128522 liabilities of 26590, Accounting Basics

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Phelps inc had assets of 128522 liabilities of 26590

Problem

Phelps, Inc. had assets of $128,522, liabilities of $26,590, and 18,134 shares of outstanding common stock at December 31, 2015. Net income for 2015 was $13,419. The company had assets of $150,815, liabilities of $31,907, 13,039 shares of outstanding, and its stock was trading at a price of $10 per share at December 31, 2016. Net income for 2016 was $12,171.

Calculate EPS for 2016

Calculate ROE for 2016.

Calculate the Price/Earnings Ratio for 2016.

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Accounting Basics: Phelps inc had assets of 128522 liabilities of 26590

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Accounting Basics: Phelps inc had assets of 128522 liabilities of 26590

Reference No:- TGS02752226

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