Business, 06.03.2020 19:11 luisannavasquez6129

Assume the following financial data for Rembrandt Paint Co. and Picasso Art Supplies: Rembrandt Paint Co. Picasso Art Supplies Total earnings $ 525,000 $ 640,000 Number of shares of stock outstanding 150,000 400,000 Earnings per share $ 3.50 $ 2 Price-earnings ratio (P/E) 16 35 Market price per share $ 56 $ 56 If all the shares of Rembrandt Paint Co. are exchanged for those of Picasso Art Supplies on a share-for-share basis, what will postmerger earnings per share be for Picasso Art Supplies

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Assume the following financial data for Rembrandt Paint Co. and Picasso Art Supplies: Rembrandt Pain...

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