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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 Year 2 Year 1 Year 2 Year 1 Net income $2,187 $3,715 $1,940 $3,172 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. 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. The slowing world economy Jersey's earnings per share for Year 1 and Year 2 are higher than Dakota's contributed to the from Year 1 to Year 2. Overall, However, from Year 1 to Year 2, the earnings per share for both companies declined appears to be the more profitable company

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