Subject: Business / Finance
Question
(EBIT-EPS break-evenanalysis)HomeDepot, Inc.(HD) had 1.701.70
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billion shares of common stock outstanding in2008, whereas LowesCompanies, Inc.(LOW) had 1.461.46
billion shares outstanding. Assuming HomeDepot's 2008 interest expense is $696696
million, Lowes' interest expense is $239239
million, and a 3434
percent tax rate for both firms, what is their break-even level of operating income(i.e., the level of EBIT where EPS is the same for bothfirms)?
