### Calculate eps for 2011 do not round intermediate

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Phelps, Inc., had assets of \$68,246 and liabilities of \$15,366 at the close of 2010 with 10,418 shares of outstanding common stock. Net income for 2010 was \$6,929. At the end of 2011, assets were \$79,070, liabilities were \$19,050, and the company had 10,870 shares of outstanding stock trading at a price of \$12 per share. Net income for 2011 was \$9,693.

(a)Calculate EPS for 2011. (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "\$" sign in your response.)
EPS \$

(b)Calculate ROE for 2011. (Round your answer to 2 decimal places. Omit the "%" sign in your response.)
ROE %

(c)Calculate the Price/Earnings Ratio for 2011. (Round your intermediate calculation and final answer to 2 decimal places.

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