Phelps,Inc

question 248

Essay

Phelps,Inc.had assets of $67,646,liabilities of $15,466,and 10,718 shares of outstanding common stock at December 31,2014.Net income for 2015 was $7,829.The company had assets of $79,571,liabilities of $18,551,10,771 shares of outstanding,and its stock was trading at a price of $10 per share at December 31,2016.Net income for 2016 was $9,993.
Required:
Part a.Calculate EPS for 2016.
Part b.Calculate ROE for 2016.
Part c.Calculate the Price/Earnings ratio for 2016

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Definitions:

Pheromones

Chemical substances produced and released into the environment by an animal, affecting the behavior or physiology of others of its species.

Chemical Attractants

Substances that cause organisms to move toward them due to a chemical gradient, often used in cell signaling and navigation.

Haplodiploidy

A sex determination system in some insects where males develop from unfertilized eggs and are haploid, while females develop from fertilized eggs and are diploid.

Altruistic Behavior

Actions by an individual that benefit others at its own expense, often observed in the social behavior of animals.