Low'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 sheets.) Low's has 1,000,000 common shares outstanding during 2016 Requirements 1. Compute earnings per share (EPS) for 2016 for Low's. Round to the nearest cent. 2. Compute Low's Companies' pricelearnings ratio for 2016. The market price per share of Low's stock is 563.50. 3. What do these results mean when evaluating Low's Companies' profitability? -X Data Table Data Table butstar Low's Companies Income Statement Years Ended May 31, 2016 and 2015 2016 2015 2015 2016 Cash Low's Companies Balance Sheet May 31, 2016 and 2015 Assets Liabilities 2016 2015 $ 2,500,000 $ 1,300,000 Total Current Liabilities $ 28,000,000 $ 13,200,000 28,000,000 11,000,000 Long-term Liabilities 13,500,000 11,100,000 7,100,000 5,700,000 Total Liabilities 41,500,000 24,300,000 6,900,000 8,600,000 Stockholders' Equity 6,000,000 2,500,000 Common Stock 11,000,000 11,000,000 50,500,000 29,000,000 29,100,000 Retained Earnings 17,800,000 31,000,000 24,000,000 Total Equity 40,000,000 28,800,000 S 81,500,000 $ 53,100,000 Total Liabilities and Equity S81,500,000 $ 53,100,000 Net Sales Cost of Goods Sold Interest Expense All Other Expenses $ 51,200,000 $ 42,000,000 28,400,000 30,600,000 500,000 320,000 6,200.000 6,500,000 $ 16,100,000 $ 4,580,000 Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets All Other Assets Net Income Print Done Total Assets Print Done