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eBook Calculator Print Item bz Dakota Inc. and Jersey & Company are two large companies that manufacture and sell equipment used in the construction, mining,

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eBook Calculator Print Item bz Dakota Inc. and Jersey & Company are two large companies that manufacture and sell equipment used in the construction, mining, agricultural, and forestry indu e companies reported the following data (in millions) for two recent years: Dakota Jersey Year 2 Year 1 Year 2 Year 1 Net income $2,192 $3,775 $1,910 $3,222 Average number of common shares 594 599 334 363 rice 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 AT 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 However, from Year 1 to Year 2, the earnings per share for both companies The slowing world economy contributed to the from Year 1 to Year 2. Overall, appears to be the more profitable company. Nut 2 L

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