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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 Year 2 Year 1 Year 2 Year 1 Net income $2,192 $3,755 $1,940 $3,2 Average number of common shares outstanding 594 599 334 a. Determine the earnings per share in Year 2 and Year 1 for each company. Round your answers to two decimal places Year 2 Dakota per share per Jersey per share b. Evaluate the relative profitability of the two companies amnings per share for Year 1 and Year 2 are higher than The slowing world economy contributed to the Howeves from Year 1 to Year 2, the earnings per share for both companies from Year 1 to Year 2. Overall appears to be the more profitable company

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