Academy Driving School reported the following amounts in its financial statements: Year 1 Year 2 Number of common shares 11,600 11,600 Net income $ 24,360 $ 19,360 Cash dividends paid on common stock $ 3,100 $ 3,100 Total stockholders' equity $ 250,000 $ 230,000 Calculate EPS and ROE for Year 2. (Round EPS to 2 decimal places and ROE to 1 decimal place.)
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Academy Driving School reported the following amounts in its financial statements:
Year 1 | Year 2 | |
---|---|---|
Number of common shares | 11,600 | 11,600 |
Net income | $ 24,360 | $ 19,360 |
Cash dividends paid on common stock | $ 3,100 | $ 3,100 |
Total |
$ 250,000 | $ 230,000 |
Calculate EPS and ROE for Year 2. (Round EPS to 2 decimal places and ROE to 1 decimal place.)
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