Question
Caterpillar Inc. and Deere & Company are two large companies that manufacture and sell equipment used in the construction, mining, agricultural, and forestry industries. The
Caterpillar Inc. and Deere & 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:
| Caterpillar | Deere | ||||||
| Year 2 | Year 1 | Year 2 | Year 1 | ||||
| Net income | $6,147 | $754 | $2,368 | $2,159 | |||
| Average number of common shares outstanding | 591 | 592 | 323 | 320 | |||
a. Determine the earnings per share in Year 2 and Year 1 for each company. Neither Caterpillar nor Deere have any preferred stock outstanding. Round your answers to two decimal places.
| Year 2 | Year 1 | |
| Caterpillar | $fill in the blank 1 per share | $fill in the blank 2 per share |
| Deere | $fill in the blank 3 per share | $fill in the blank 4 per share |
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Essentials Of Xbrl Financial Reporting In The 21st Century
Authors: Bryan Bergeron
1st Edition
0471220779, 978-0471220770
