c. Compute the gross profit margin (GPM) and operating expense-to-sales ratios for each company. How do these companies' profitability measures compare?

L02, 3 P5-38. Analysis and Interpretation of Return on Investment for Competitors The Home Depot, Inc. NYSE : HD Lowe's Companies, Inc. NYSE : LOW Balance sheets and income statements for The Home Depot, Inc., and Lowe's Companies, Inc., follow. Refer to these financial statements to answer the requirements. Cambridge Business Publishers Chapter 5 Analyzing and Interpreting Financial Statements 261