EX 13-24 EPS
Procter & Gamble (P&G) is one of the largest consumer products companies in the world, famous for such brands as Crest® and Tide®. Financial information for the company for three recent years is as follows:
| Fiscal Years Ended | |||
| (in millions) | |||
| 2009 | 2008 | 2007 | |
| Net income | $11,293 | $11,798 | $10,063 |
| Preferred dividends | $192 | $176 | $161 |
| Average number of common shares outstanding | 2,952 | 3,081 | 3,159 |
Average number of common shares outstanding 2,952 3,081 3,159
a. Determine the earnings per share for fiscal years 2009, 2008, and 2007. Round to the nearest cent.
b. Evaluate the growth in earnings per share for the three years in comparison to the growth in net income for the three years.
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