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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 $2,122 $3,705 $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. Round your answers to two decimal places. Year 2 Year 1 per share Dakota per share $ Jersey per share b. Evaluate the relative profitability of the two companies. per share 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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