Caterpillar Inc. (CAT) is the worlds leading manufacturer of construction and mining equipment. Three recent years of
Question:
Caterpillar Inc. (CAT) is the world’s leading manufacturer of construction and mining equipment. Three recent years of earnings and average common shares outstanding data for Caterpillar are as follows (in millions):
a. Determine the earnings per share for Years 1–3. Caterpillar had no preferred stock outstanding.
b. Interpret the trend in earnings per share using horizontal analysis for the three years in terms of the change in earnings and average shares outstanding.
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a b A horizontal analysis of the changes in net income ave...View the full answer
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Related Book For 
Financial And Managerial Accounting
ISBN: 9780357714041
16th Edition
Authors: Carl S. Warren, Jefferson P. Jones, William Tayler
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