User Account

All Pages

Phelps inc had assets of 131904 and liabilities of 27208 at

Assignment Help Accounting Basics
Reference no: EM13577702

Phelps, Inc., had assets of $131,904 and liabilities of $27,208 at the close of 2013 with 18,546 shares of outstanding common stock. Net income for 2013 was $13,724. At the end of 2014, assets were $154,773, liabilities were $32,649, and the company had 13,165 shares of outstanding stock trading at a price of $10 per share. Net income for 2014 was $12,292

a.Calculate EPS for 2014. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

b. Calculate ROE for 2014. (Round your answer to 1 decimal place.)

c. Calculate the Price/Earnings Ratio for 2014. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Reference no: EM13577702

Questions Cloud

A group of 2000 randomly selected adults were asked if : question a group of 2000 randomly selected adults were asked if they are in favor of or against cloning. the
According to a survey 62 of murders committed last year : according to a survey 62 of murders committed last year were cleared by arrest or exceptional means. fifty murders
Mcbean company has outstanding 11 million shares of 1 par : mcbean company has outstanding 11 million shares of 1 par value common stock and 1.1 million shares of 3 par value
Arc the events -psychology major and happy with major : question a random sample of 250 juniors majoring in psychology or communications at a large university is selected.
Phelps inc had assets of 131904 and liabilities of 27208 at : phelps inc. had assets of 131904 and liabilities of 27208 at the close of 2013 with 18546 shares of outstanding common
A merger increases the number of voting shares of the : a merger increases the number of voting shares of the surviving corporation by 23 percent. which of the required in
In an attempt to avoid liquidating the company the : in an attempt to avoid liquidating the company the management of carter inc. is considering a reorganization that calls
Are the events employed and unemployed mutually exclusive : question the following table gives a two-way classification based on gender and employment status of the civilian
Compute the mean and standard deviation of the random : according to an almanac 60 of adult smokers started smoking before turning 18 years olda compute the mean and standard

Reviews

Write a Review

Accounting Basics Questions & Answers

  Under the weighted-average method of process costing costs

under the weighted-average method of process costing costs from the prior period are averaged with those of the

  Stock and building basis after the redemption

Fred Farmer and his two sons owned 100 percent of Fruits and Nuts, Inc. Fred owned 50 percent of the stock, but he had 25 percent redeemed by the corporation for a building with a basis of $10,000 and a value of $50,000. If E&P is $200,000 and Fre..

  Assume a company wants to invest 200000 in the new piece of

assume a company wants to invest 200000 in the new piece of equipment. the estimated useful life of equipment is 10

  What do you think is the main purpose of financial

bull what do you think is the major purpose of financial statements? why? explain what type of information can

  Fixed overhead budget and volume variance

The Stanford Company uses a standard cost system for and applies overhead based on machine hours. The following information is available for June: Calculate the fixed overhead budget variance and volume variance for the month of June.

  What time value of money factor

On May 1, 2010, a company purchased a new machine which it does not have to pay for until May 1, 2012. The total payment on May 1, 2012 will include both principal and interest. Assuming interest at 10% rate, the cost of the machine would be the t..

  The following unadjusted trial balance is for adams

the following unadjusted trial balance is for adams construction co. as of the end of its 2011 fiscal year. the june 30

  Using the straight-line method prepare the issuers journal

a company issued 10-year 9 bonds with a par value of 500000 when the market rate was 10. using the straight-line method

  Hedging with forward contracts the specialty chemical

hedging with forward contracts. the specialty chemical company operates on a crude oil refinery located in new iberia

  Accountability in reporting memo

Write a short Memo to a nonfinancial audience explaining how increasing scrutiny and demand for accountability by the public has influenced reporting for not-for-profit and governmental entities.

  Determining foreign tax credit and total tax liability

Suppose a US corporation (tax rate 34%) with $2,500,000 of domestic income sets up a branch in Japan earning $800,000, where the tax rate is 50%. Also, assume I earned another $100,000 in interest revenue in a country with a 10% income tax rate.....

  Schopp inc has been manufacturing its own shades for its

schopp inc. has been manufacturing its own shades for its table lamps. the company is currently operating at 100 of

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd