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PLEase answer all requirements with clear notes so i am able to understand Low's Companies, a home improvement store chain, reported the following summarized figures:
PLEase answer all requirements with clear notes so i am able to understand
Low's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) B (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, market price per share of CS = market price per share of commons for balance with a zero value. Round your answer to the nearest cent, $X.XX.) Net income Preferred dividends ) = Weighted avg number of CSO = EPS 15,000 0 ) = $ 25,000 = $ 0.60 Requirement 2. Compute Low's Companies' price/earnings ratio for 2024. The market price per share of Low's stock is $13.50. Begin by selecting the formula to calculate Low's Companies' pricelearnings ratio. Then enter the amounts and calculate the EPS for 2024. (Abbreviation used: Weighted avg number of CSO = weighted average number of common shares outstanding, market price per share of CS = market price per sha two decimal places, X.XX.) Pricelearnings ratio Balance Sheets X i Requirements i Income Statement Low's Companies Balance Sheet Low's Companies May 31, 2024 and 2023 1. Compute earnings per share (EPS) for 2024 for Low's. Round to the nearest cent. Income Statement Assets Liabilities 2024 2023 2024 2023 Years Ended May 31, 2024 and 2023 2. Compute Low's Companies' pricelearnings ratio for 2024. The market price per share of Low's stock is $13.50. 3. What do these results mean when evaluating Low's Companies' profitability? 2024 2023 Cash 2,100 $ $ 22,000 $ 13,000 Net Sales Revenue $ 42,400 $ 39,800 Short-term Investments 26,000 1,800 Total Current Liabilities 12,000 Long-term Liabilities 5,300 Total Liabilities 12,200 9,800 Cost of Goods Sold 21,200 29,300 Accounts Receivable Print Done 7,100 34,200 22,800 Interest Expense 400 320 Merchandise Inventory 7,100 7,500 Stockholders' Equity 5,800 6,500 All Other Expenses Other Current Assets 6,000 1,800 Common Stock 10,000 10,000 $ 15,000 $ 3,680 Total Current Assets Net Income 36,100 48,300 28,400 Retained Earnings 18,600 32,000 46,100 28,600 All Other Assets 23,000 Total Equity 51,400 Total Liabilities and Equity Print Done $ 80,300 $ $ 80,300 $ 51,400 Total Assets Print Done Choose from any drop-down list and then click CheckStep by Step Solution
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