Caterpillar Inc. and Deere & 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:

a. Determine the earnings per share in Year 2 and Year 1 for each company. Round to the nearest cent.
b. Evaluate the relative profitability of the two companies?

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Caterpillar Year 2 $2,102$3,695 Deere Year 1 Year 2 Year 1 Net income 1,940$3,162 Average number of common shares outstanding 594 599 334 363