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EPS financial data for Pacific Gas and Electric Company are as follows: Pacific Gas and Electric Company is a large gas and electric utility operating

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EPS financial data for Pacific Gas and Electric Company are as follows: Pacific Gas and Electric Company is a large gas and electric utility operating in northern and central California. Three recent years Fiscal Years Ended (in millions) Year 3 Year 2 Year 1 Net income Preferred dividends Average number common shares outstanding $16, 837) $1,660 $14 $14 $1,407 $14 517 512 499 a. Determine the earnings per share for fiscal Year 3, Year 2, and Year 1. Round to two decimal places. Negative amount should be indicated by the minus sign Year 3 Earnings $ per share Year 2 Earnings $ per share Year 1 Earnings $ per share b. Evaluate the growth in earrings per share for the three years in comparison to the growth in net income for the three years. Round your answers to the nearest whole percentage. Negative amount should be indicated by the minus sign Earnings per share growth as a percent of Year 1 (base year) Year 3 Year 2 % Year 1 Earnings % Net income growth as a percent of Year 1 (base year) Year 3 Year 2 % Year 1 Earnings

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