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Dakota Inc. and Jersey & Company are two large companies that manufacture and sell equipment used...

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 $2,127 $3,795 $1,925 $3,197
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 $fill in the blank 1 per share $fill in the blank 2 per share
Jersey $fill in the blank 3 per share $fill in the blank 4 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 for both companies  . The slowing world economy contributed to the   from Year 1 to Year 2. Overall,   appears to be the more profitable company.

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