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Home Depot Inc had 1244 million shares of common stock outstanding in 2016 wheras Lowe's companies Inc had 929 million shares outstanding.Assuming Home Depots 2016
Home Depot Inc had 1244 million shares of common stock outstanding in 2016 wheras Lowe's companies Inc had 929 million shares outstanding.Assuming Home Depots 2016 interest expense is 919 million and Lowe's interest expense is 552 million and a 35 per went tax rate for both firm's. What is their break even level of operating income(i.e the level of EBIT where EPS is the same for both firm's?
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