Survey of Accounting (Accounting I)
Solutions
Survey of Accounting (Accounting I)
Debt and price-earnings ratios
Lowe's Companies Inc. (LOW) operates over 1,800 home improvement retail stores and is a competitor of The Home Depot (HD). The following data (in millions) were adapted from a recent financial statement of Lowe's:
Willi a market price of $67.76. compute the price-earnings ratio.
Concept Introduction:
Price Earnings Ratio:
The price earnings ratio shows the relationship between price of the share and earnings per share. It is calculated with the help of following formula:
To Calculate:
The Price Earnings ratio
The Price Earnings ratio is calculated as follows:
  
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