High's Companies, a home improvement store chain, reported the following summarized figures Click the icon to view the income statement.) Click the icon to view the balance shef High's has 20,000 common shares outstanding during 2018. Read the requirements Requirement 1. Compute earnings per share (EPS) for 2018 for High's. Round to the nearest cent Begin by selecting the formula to calculate High's Companies' EPS. Then enter the amounts and calculate the EPS for 2018. (Abbreviation used: Weighted avg number of CSO - weighted average number of common shares outstanding, market price per share of CS-market price per share of common stock Complete all input boxes. Enter a "0" for balance with a zero value. Round your answer to the nearest cont. SX XX) Requirement 2. Compute High's Companies' price/earnings ratio for 2018. The market price per share of High's stock is $15.50 Begin by selecting the formula to calculate Higl's Companies pricelearnings ratio. Then enter the amounts and calculate the EPS for 2018. (Abbreviation used Weighted avg number of CSO - weighted average number of common shares outstanding, market price per share of CS-market price per share of common stock. Round your answer to two decimal places, XXX) Xxxber of common shares ou Pricelearnings ratio Requirement 3. What do these results mean when evaluating High's Companies' profitability? (Assume the following industry averages. EPS-50 25 pricelearnings ratio = 9.3.) High's Companies' prica/eamings ratio for 2018 means that the company's stock is solingo V pricelearnings ratio would possibly i Income Statement led figures the balance sheets High's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 2017 Net Sales Revenue Cost of Goods Sold Interest Expense All Other Expenses 55,400 $ 22,500 200 6,700 26,000 $ 42,000 29,300 140 7.800 nearest cent hounts and calculate the EPS for 2018. (Abbreviation used: Weighted avg price per share of CS market price per share of common stock Complete parest cent SX.XX) EPS 4.760 Net Income Print Done y's Companies Balance Sheet May 31, 2018 and 2017 Assets 2018 abilities 2018 Requirement 3. Whi pricelearnings ratio 2017 2017 2,000 $ 13,000 12,700 High's Companies' pl price/earning Cash Short-term Investments Accounts Receivable Merchandise Inventory 25,000 7.300 25.700 6,800 7,000 1,200 Total Current Liabilities 27,000 $ 13,700 10,000 Long-term Liabilities 5,600 Total Liabilities 40,700 5.900 Stockholders' Equity 2,400 common Stock 13.000 25 100 Retained Earnings 27.400 23,000 40 400 Total Equity 48,100 81,100 $ Total Liabilities and Equity Other Current Assets 13,000 9,400 Total Current Assets 48.100 33,000 22,400 All Other Assets 81,100 48,100 Total Assets Choose from any list Print Done