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Caterpillar Inc.'s net income recently decreased from the prior year however basic EPS increased. Caterpillar...

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Accounting

Caterpillar Inc.'s net income recently decreased from the prior year however basic EPS increased. Caterpillar reported EPS of $5.80 compared to basic EPS of $5.75 in the prior year.

Caterpillar argued that the increase in EPS is attributable to better operating performance in several areas.

Do you agree or disagree with Caterpillar's explanation? Briefly explain your answer.

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