Royal Bank of Canada is one of the largest commercial banks in Canada. Financial information for the bank for three recent years is as follows:

a. Determine the earnings per share for fiscal years 2011, 2010, and 2009.
b. Is higher earnings per share a positive trend?
c. Evaluate the growth in earnings per share for the three years in comparison to the growth in net income for the three years.

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Fiscal Years Ended (in millions) 2011 2010 2009 Net income $4,852 $ 258 1,431 $3.858 $ 233 1,399 $5,223 $ 258 1,421 Preferred dividends Common shares outstanding