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Dakota Inc. and Jersey & Company are two large companies that manufacture and sell equipment used in the construction, mining, agricultural, and forestry industries. The

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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 599 Year 2 Year 1 Year 2 Year 1 Net Income $2,197 $3,785 $1,935 $3,162 Average number of common shares 594 334 363 outstanding a. Determine the earnings per share in Year 2 and Year 1 for each company. Round your answers to two decimal places Year 2 Year 1 Dakota per share per share Jersey per share per share b. Evaluate the relative profitability of the two companies earnings per share for Year 1 and Year 2 are higher than companies The slowing world economy contributed to the the more profitable company However, from Year 1 to Year 2, the earnings per share for both from Year 1 to Year 2. Overall appears to be

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