Business, 04.07.2020 01:01, madbiebzz

Dakota Inc. and Jersey & Company are two large companies that manufacture and sell equipment used in the construction, mining, agricultural, and forestry industries. The companies reported the following data (in millions) for two recent years: Dakota Jersey
Year 2 Year 1 Year 2 Year 1
Net income $2,122 $3,765 $1,935 $3,177
Average number of common shares outstanding 594 599 334 363

Required:
a. Determine the earnings per share in Year 2 and Year 1 for each company. Round your answers to two decimal places.
b. Evaluate the relative profitability of the two companies.

Answers: 3

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Dakota Inc. and Jersey & Company are two large companies that manufacture and sell equipment use...