Dakota Inc. and Jersey & Company are two large companies that manufacture and sell equipment used...
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Dakota Inc. and Jersey & 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: Jersey Dakota Year 2 Year 2 Year 1 Year 1 $3,735 Net income $2,142 $3,262 Average number of common shares outstanding 594 599 363 a. Determine the earnings per share in Year 2 and Year 1 for each company. Neither Dakota nor Jersey have any preferred stock outstanding. Round your answers to two decimal places. $1,920 334 b. Evaluate the relative profitability of the two companies. earnings per share for Year 1 and Year 2 are higher than i earnings per share for both companies ( 3. Overall, a declined improved However, from Year 1 to Year 2, the appears to be the more profitable company. Dakota Inc. and Jersey & 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: Jersey Dakota Year 2 Year 2 Year 1 Year 1 $3,735 Net income $2,142 $3,262 Average number of common shares outstanding 594 599 363 a. Determine the earnings per share in Year 2 and Year 1 for each company. Neither Dakota nor Jersey have any preferred stock outstanding. Round your answers to two decimal places. $1,920 334 b. Evaluate the relative profitability of the two companies. earnings per share for Year 1 and Year 2 are higher than i earnings per share for both companies ( 3. Overall, a declined improved However, from Year 1 to Year 2, the appears to be the more profitable company.
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Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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