Dakota and Jersey are two companies competing in the retail office supply business. Dakota had...
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Dakota and Jersey are two companies competing in the retail office supply business. Dakota had a net income of $2,888,620 for a recent year, while Jersey had a net income of $608,488. Jersey had preferred Shares of ownership of a corporation.stock of $3,641,400 with preferred dividends of $289,000. Dakota company had no A class of stock with preferential rights over common stock.preferred stock. The outstanding common shares for each company were as follows:
| Common Shares | ||
|---|---|---|
| Dakota, Inc. | 614,600 | |
| Jersey Company | 62,400 | |
Determine the earnings per share for each company. Round to two decimal places.
| Dakota Earnings | $ per share |
| Jersey Earnings | $ per share |
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