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LOWE'S Balance Sheets (in millions) Fiscal 2013 Amount Percent Fiscal 2012 Amount Percent Assets Current Assets Cash Short-term Investments Inventory Other Current Assets $ 391

image text in transcribed LOWE'S Balance Sheets (in millions) Fiscal 2013 Amount Percent Fiscal 2012 Amount Percent Assets Current Assets Cash Short-term Investments Inventory Other Current Assets $ 391 1.2% $ 541 1.7% 185 0.6 125 0.4 9,127 27.9 8,600 26.3 593 1.8 518 1.6 Property and Equipment, Net 20,834 63.6 21,477 65.7 Other Assets 1,602 4.9 Total Assets $32,732 100.0% 1,405 4.3 $32,666 100.0% Liabilities and Stockholders' Equity Current Liabilities $ 8,876 27.1% $ 7,708 23.6% Long-term Liabilities 12,003 36.7 11,101 34.0 Total Liabilities 20,879 63.8 18,809 57.6 Stockholders' Equity Total Liabilities and Stockholders' Equity 11,853 36.2 $32,732 100.0% 13,857 42.4 $32,666 100.0% LOWE'S Income Statements (in millions) Fiscal 2013 Fiscal 2012 Amount Percent Amount Percent Net Sales Revenue $53,417 100.0% $50,521 100.0% Cost of Sales 34,941 65.4 33,194 65.7 Gross Profit 18,476 34.6 17,327 34.3 Operating and Other Expenses 14,327 26.8 13,767 27.3 Interest Expense 476 0.9 423 0.8 Income Tax Expense 1,387 2.6 1,178 2.3 Net Income $ 2,286 4.3% $ 1,959 3.9% Question: Please calculate the Price/Earning Ratio by showing the manual calculation

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