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: Dakota Jersey Year 2 Year 1 Year 2 Year 1 Net income $2,102 $3,735 $1,915 $3,257 Average number of common shares outstanding 594 599 334 363 a. Determine the earnings per share in Year 2 and Year 1 for each company. Round your answers to two decimal places. Year 2 Year 1 Dakota $4 per share per share Jersey per share per share b. Evaluate the relative profitability of the two companies. earnings per share for Year 1 and Year 2 are higher than . However, from Year 1 to Year 2, the earnings per share from Year 1 to Year 2. Overall, for both companies . The slowing world economy contributed to 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: Dakota Jersey Year 2 Year 1 Year 2 Year 1 Net income $2,102 $3,735 $1,915 $3,257 Average number of common shares outstanding 594 599 334 363 a. Determine the earnings per share in Year 2 and Year 1 for each company. Round your answers to two decimal places. Year 2 Year 1 Dakota $4 per share per share Jersey per share per share b. Evaluate the relative profitability of the two companies. earnings per share for Year 1 and Year 2 are higher than . However, from Year 1 to Year 2, the earnings per share from Year 1 to Year 2. Overall, for both companies . The slowing world economy contributed to the appears to be the more profitable company.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 63P: Mike Sanders is considering the purchase of Kepler Company, a firm specializing in the manufacture...

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