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Assume the following financial data for noble corporation

Assume the following financial data for Noble Corporation and Barnes Enterprises:

Noble Barnes

Total Earnings $1,525,000 $4,820,000

Number of shares of stock outstanding 610,000 2,410,000

EPS ($/share) 2.5 2.0

P/E ratio 20 25

Market Price per share ($/ share) 50 50

If all shares of the Noble Corporation are exchanged for those of Barnes Enterprises on a share-for-share basis, what will post merger earnings per share be for Barnes Enterprises?

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Finance Basics: Assume the following financial data for noble corporation

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Finance Basics: Assume the following financial data for noble corporation

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