Caterpillar Inc. and Deere & Company are two large companies that manufacture and sell equipment used in

Question:

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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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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Question Posted: Apr 09, 2021 01:49 PM

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Caterpillar Inc. and Deere & Company are two large companies that manufacture and sell equipment used in

Question:

Caterpillar Year 2 Deere Year 1 Year 2 Year 1 Net income $6,147 $754 $2,368 $2,159 Average number of common shares outstanding 591 592 323 320

Step by Step Answer:

ANSWER Step 1 Earnings per share Net earnings available for the common ...View the full answer

Accounting

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