Analyze Pacific Gas and Electric Company Pacific Gas and Electric Company (PCG) is a large gas and electric utility operating in northern and central California. Three recent years of financial data for Pacific Gas and Electric are as follows (in millions): Year 3 Year 2 Year 1 Net income $1,407 $888 $1,450 Preferred dividends 14 14 14 Average number of common shares outstanding 499 484 468 a. Determine the earnings per share for Years 1-3. Round your answers to two decimal places. Year 3 Year 2 Year 1

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