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Phelps, Inc. had assets of $118,376, liabilities of $24,736, and 16,898 shares of outstanding common stock at December 31, 20

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Answer #1
a) Earning Per Share = Net Income /Number of shares outstanding
=$11808/12661
=$0.93 per share
b) 2015 2016
Assets $         1,18,376 $         1,38,941
Less:
Liabilities $             24,736 $             29,681
Equity $             93,640 $         1,09,260
Return On Stockholders Equity = Net Income / Average Common stockholders equity
=$11808/[(93640+109260)/2]
=$11808/101450
11.6%
c) Price Earning Ratio = Price Per Share / EPS
=$10/0.93
10.75 times
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