Pacific Gas and Electric Company is a large gas and electric utility operating in northern and central California. Three recent years of financial data for Pacific Gas and Electric Company are as follows: b. Evaluate the growth in earnings 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. Earnings per share growth as a percent of Year 1 (base year) Net income growth as a percent of Year 1 (base year)

EPS Pacific Gas and Electric Company is a large gas and electric utility operating in northern and central California. Three recent years of financial data for Pacific Gas and Electric Company are as follows: Fiscal Years Ended (in millions) Year 3 Year 2 Year 1 $830 858 1,113 Net income Preferred dividends Average number of common shares outstanding a. Determine the earnings per share for fiscal Year 3, Year 2, and Year 1. Round to two decimal places Year 3 Earnings Year 2 Earnings Year 1 Earnings b. Evaluate the growth in earnings 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 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 $14 $14 $14 424 401 382 1.92per share 2.10per share 2.88 per share 23 x % 28 X % 23 x % 9.5 X % Feedback Check My ibrk