CourseLover

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Teaching Since: May 2017
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    Devry University
    Sep-2004 - Aug-2010

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  • Assistant Financial Analyst
    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Accounting Posted 14 Dec 2017 My Price 10.00

Calculate the Price/Earnings Ratio for 2016

 

Phelps, Inc. had assets of $125,140, liabilities of $25,972, and 17,722 shares of outstanding common stock at December 31, 2014. Net income for 2015 was $13,114. The company had assets of $146,857, liabilities of $31,165, 12,913 shares of outstanding, and its stock was trading at a price of $10 per share at December 31, 2016. Net income for 2016 was $12,050.

 

A.

Calculate EPS for 2016. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
   

      
 

b. Calculate ROE for 2016. (Round your answer to 1 decimal place.)
   

      
 

c.

Calculate the Price/Earnings Ratio for 2016. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
   

 

Answers

CourseLover
(12)
Status NEW Posted 14 Dec 2017 06:12 AM My Price 10.00

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