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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
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 25,000 common shares outstanding during 2024. Read the requirements. Requirement 1. Compute earnings per share (EPS) for 2024 for Low's. Round to the nearest cent. Begin by selecting the formula to calculate Low's Companies'EPS. Then enter the amounts and calculate the EPS for 2024. (Abbreviation used: Weighted avg number of CSO = weighted average number of common shares outstanding, marke for balance with a zero value. Round your answer to the nearest cent, $X.XX.) EPS Balance Sheets Income Statement Low's Companies Low's Companies Income Statement Balance Sheet May 31, 2024 and 2023 Years Ended May 31, 2024 and 2023 2024 Assets Liabilities 2023 2024 2023 2024 2023 Net Sales Revenue $ 42,400 $ 39,800 Cash $ 2,100 $ 1,800 Total Current Liabilities 22,000 $ 13,000 12,200 Cost of Goods Sold Interest Expense 9,800 21,200 400 Short-term Investments 29,300 320 26,000 12,000 Long-term Liabilities Accounts Receivable 7,100 5,300 Total Liabilities 34,200 22,800 All Other Expenses Merchandise Inventory 7,100 7,500 Stockholders' Equity $ 15,000 $ 3,680 Net Income 6,000 1,800 Common Stock Other Current Assets 10,000 10,000 36,100 18,600 Total Current Assets 28,400 Retained Earnings 48,300 Print Done All Other Assets 32,000 23,000 Total Equity 46,100 28,600 $ 80,300 $ 51,400 80,300 $ 51,400 Total Assets Total Liabilities and Equity Print Done
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