S15-10 (similar to) Question Help 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 2018. Read the requirements. Requirement 1. Compute earnings per share (EPS) for 2018 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 2018. (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 common stock. Complete all input boxes. Enter a "O" 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 ( 11000 i Requirements 1. Compute earnings per share (EPS) for 2018 for Low's. Round to the nearest cent. 2. Compute Low's Companies' price earnings ratio for 2018. The market price per share of Low's stock is $14.00. 3. What do these results mean when evaluating Low's Companies' profitability? Print Done A Income Statement Low's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 2017 $ Net Sales Revenue Cost of Goods Sold Interest Expense 41,000 $ 23,300 39,800 24,900 500 320 All Other Expenses 6,200 11,000 $ 8,400 6,180 Net Income Print Done Balance Sheets Low's Companies Balance Sheet May 31, 2018 and 2017 Assets 2018 Liabilities 2018 2017 2017 Cash 2,100 $ 1,800 12,800 12,100 Short-term Investments Accounts Receivable 24,000 7,600 24,900 14,000 5,700 6,300 1,700 Merchandise Inventory 7,100 11,000 Total Current Liabilities $ 27,000 $ 13,800 Long-term Liabilities Total Liabilities 40,800 Stockholders' Equity Common Stock 9,000 Retained Earnings 32,000 Total Equity 41,000 .. $ 81,800 $ Total Liabilities and Equity Other Current Assets Total Current Assets 51,800 30,000 29,500 25,000 9,000 20,600 29,600 54,500 All Other Assets 81,800 $ 54,500 Total Assets Print Done S15-10 (similar to) Question Help 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 2018. Read the requirements. Requirement 1. Compute earnings per share (EPS) for 2018 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 2018. (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 common stock. Complete all input boxes. Enter a "O" 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 ( 11000 i Requirements 1. Compute earnings per share (EPS) for 2018 for Low's. Round to the nearest cent. 2. Compute Low's Companies' price earnings ratio for 2018. The market price per share of Low's stock is $14.00. 3. What do these results mean when evaluating Low's Companies' profitability? Print Done A Income Statement Low's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 2017 $ Net Sales Revenue Cost of Goods Sold Interest Expense 41,000 $ 23,300 39,800 24,900 500 320 All Other Expenses 6,200 11,000 $ 8,400 6,180 Net Income Print Done Balance Sheets Low's Companies Balance Sheet May 31, 2018 and 2017 Assets 2018 Liabilities 2018 2017 2017 Cash 2,100 $ 1,800 12,800 12,100 Short-term Investments Accounts Receivable 24,000 7,600 24,900 14,000 5,700 6,300 1,700 Merchandise Inventory 7,100 11,000 Total Current Liabilities $ 27,000 $ 13,800 Long-term Liabilities Total Liabilities 40,800 Stockholders' Equity Common Stock 9,000 Retained Earnings 32,000 Total Equity 41,000 .. $ 81,800 $ Total Liabilities and Equity Other Current Assets Total Current Assets 51,800 30,000 29,500 25,000 9,000 20,600 29,600 54,500 All Other Assets 81,800 $ 54,500 Total Assets Print Done