Repeat Problem 2 using the data below for Lowes Companies, Inc. However, this time you should create

Repeat Problem 2 using the data below for Loweís Companies, Inc. However, this time you should create a copy of your worksheet to use as a template. Replace the data for Bed Bath &

Beyond with that of Loweís.

Fiscal Year 2002 2001 2000 1999 1998 Sales 22,111.1 18,778.6 15,905.6 12,244.9 10,136.9 Net Income 1,023.3 809.9 672.8 482.4 357.5

a. Do you think that Loweís can maintain the current growth rates of sales and net income over the long run? Why or why not?

b. Which company was more profitable in 2002? Which was more profitable if you take a longer view? Would this affect your desire to invest in one company over the other?