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Phelps,Inc.,had assets of $67,646 and liabilities of $15,466 at the close of 2018 with 10,718 shares of outstanding common shares.Net income for 2018 was $7,829.At the end of 2019,assets were $79,571 and liabilities were $18,551,and the company had 10,771 shares of outstanding stock.Net income for 2019 was $9,993.
a)Calculate EPS for 2019.
b)Calculate ROE for 2019.
Private Goods
Goods that are excludable and rival in consumption, meaning their use by one individual prevents use by another.
Government Spending
The total amount of money that a government expends on services, goods, and public projects.
Marginal Benefit
The additional benefit received from the consumption of one more unit of a good or service.
Marginal Cost
The additional cost incurred in producing one more unit of a product or service.
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