Question
Dakota Inc. and Jersey & Company are two large companies that manufacture and sell equipment used in the construction, mining, agricultural, and forestry industries. The
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 $2,107 $3,725 $1,910 $3,202 Average number of common shares outstanding 594 599 334 363 a. Determine the earnings per share in Year 2 and Year 1 for each company. Neither Dakota nor Jersey have any preferred stock outstanding. Round your answers to two decimal places. Year 2 Year 1 Dakota $fill in the blank 1 per share $fill in the blank 2 per share Jersey $fill in the blank 3 per share $fill in the blank 4 per share
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