Question
Caterpillar: Earnings per share Caterpillar Inc. is the worlds leading manufacturer of construction and mining equipment. In addition, Birinyi Associates identified Caterpillar as one of
Caterpillar: Earnings per share Caterpillar Inc. is the worlds leading manufacturer of construction and mining equipment. In addition, Birinyi Associates identified Caterpillar as one of the top five companies to repurchase their own shares in a recent year.12 Three recent years of earnings and average common shares outstanding data for Caterpillar are as follows (in millions): Year 3 Year 2 Year 1 Net income $3,695 $3,789 $5,681 Average number of common shares outstanding 617.2 645.2 652.6 a. Determine the earnings per share for Years 13. Caterpillar had no preferred stock outstanding. Round your answers to two decimal places. Year 3 Year 2 Year 1 Earnings per share $fill in the blank 1 $fill in the blank 2 $fill in the blank 3.
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