Only need answer for Requirement 3.

UA L Question Help Course S 15-10 (book/static) Acoel'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.) Accel's has 10,000 common shares outstanding during 2018 se Hor Read the requirements Requirement 1. Compute earnings per share (EPS) for 2018 for Accel's, Round to the nearest cent Begin by selecting the formula to calculate Accel'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 on et input boxes input boxes. Enter a "O" for balance with a zero value. Round your answer to the nearest cent, SX.XX.) Not income Preferred dividends / Weighted avg number of CSO - EPS imedii $ 7.300 / $ 10,000 - $ 0.73 mics ules Requirement 2. Compute Acoel's Companies' price/earnings ratio for 2018. The market price per share of Accel's stock is $12.50 Begin by selecting the formula to calculate Acoer's Companies' pricelearnings ratio. 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. Round your answer to two decimal places, XXX) Market price per share of CS / Earnings per share = Price learnings ratio 12.50 0.73 17.12 Requirement 3. What do these results mean when evaluating Accel's Companies' profitability? (Assume the following industry averages: EPS = $0.25, pricelearings rato 9.3.) Click to select your answers) and then click Check Answer All parts showing Clear All Check Answer Score: . JUMP LU00500 HP S15-10 (book/static) Accel'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.) Accel's has 10,000 common shares outstanding during 2018 Read the requirements - w ory pre por EU- an input boxes. Enter a "O" for balance with a zero value. Round your answer to the nearest cent, $X.XX.) Not income Preferred dividends / Weighted avg number of CSO $ 7.300 )/ 10,000 - - EPS 0.73 $ edil Requirement 2. Compute Accel's Companies' pricaleamings Ratio for 2018. The market price per share of Accel's stock is $12.50 Begin by selecting the formula to calculate Accol's Companies' pricelearnings ratio. 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 Round your answer to two decimal places, X.XX.) Market price per share of CS / Earnings per share Price/amings ratio 12.50 15 0.73 17.12 aics Requirement 3. What do these results mean when evaluating Accel's Companies' profitability? (Assume the following industry averages: EPS = $0.25, pricelearnings ratio 9.3) Acoel's Companies pricelearnings ratio for 2018 means that the company's stock is selling at $0 73. This is low. The high price learnings ratio would possibly make the company a good investment opportunity intenant our answers) and then click Check Answer. Assets 2018 _ 2017 2,400 $ 10,300 10.300 vg 28,000 Accel's Companies Balance Sheet May 31, 2018 and 2017 Liabilities 2017 2018 900 Total Current Liabilities $ 28,000 $ 13,900 9,000 Long-term Liabilities 5,200 Total Liabilities 41,900 8,600 Stockholders' Equity 1,500 Common Stock 11,000 25,200 Retained Earnings 29,900 40,900 54,200 $ 82,800 $ Total Liabilities and Equity 82,800 $ Cash Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets All Other Assets 23,500 7,500 6,900 8,000 ont 52,800 30,000 82,800 $ 11,000 1 9,700 3 0,700 54,200 29,000 Total Equity om Total Assets cold Print Done ale Income Statement Accel's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 2017 | 40,600 $ Net Sales Revenue Cost of Goods Sold Interest Expense 28,400 600 40,500 30,600 570 8,200 1,130 4,300 All Other Expenses $ 7,300 $ Net Income Print | Done