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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 48
Caterpillar: Earnings per share
Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment. In addition, Birinyi Associates identified Caterpillar as one of the top five companies to repurchase their own shares in a recent year 12. Three recent year of earnings and average common shares outstanding data for Caterpillar are as follows (in millions):
A. Determine the earnings per share for Years 1-3. Caterpillar had no preferred stock outstanding. (Round to the nearest cent.)
B. Interpret the trend in earnings per share using horizontal analysis for the three years in terms of the change in earnings and average shares outstanding.
Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment. In addition, Birinyi Associates identified Caterpillar as one of the top five companies to repurchase their own shares in a recent year 12. Three recent year of earnings and average common shares outstanding data for Caterpillar are as follows (in millions):
A. Determine the earnings per share for Years 1-3. Caterpillar had no preferred stock outstanding. (Round to the nearest cent.)
B. Interpret the trend in earnings per share using horizontal analysis for the three years in terms of the change in earnings and average shares outstanding.
Explanation
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Earnings per share:
The part of the pro...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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