Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. please be clear with the answer :) thank you! ass

PLEASE BE CLEAR WITH THE ANSWER :) THANK YOU! Assume the following financial data...

80.2K

Verified Solution

Question

Finance

imagePLEASE BE CLEAR WITH THE ANSWER :) THANK YOU!

Assume the following financial data for Rembrandt Paint Co. and Picasso Art Supplies: Total earnings Number of shares of stock outstanding Earnings per share Price-earnings ratio (P/E) Market price per share Rembrandt Paint Co. $ 408,000 120,000 $ 3.40 20 $ 68 Picasso Art Supplies $ 940,000 470,000 $ 2 34 $ 68 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? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Postmerger earnings per share $ 2.45 X

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

I have to identify an aspect of developing people that I would like to explore. So...

Economics
1.2K views

Marx and Mill both thought that there were historical forces blocking the full development of human...

Biology
1.2K views

The name of Phylum Cnidaria originated from the fact that organisms in this phylum have...

Biology
1.2K views

Among the temperatures tested which explanation best explains inactivation of catalase A inactivation of the...

Physics
1.2K views

the dipole at a distance of 10 cm from the center of the dipole 10...

Physics
1.2K views

Q5 A plane electromagnetic wave of wave intensity 6 W m strikes a small mirror...

Calculus
1.2K views

Given a solid bounded by the paraboloid z = 16-2 - y in the first...

Algebra
1.2K views

Consider 12 months to be a modulo 12 system If it is currently July determine...

Accounting
1.2K views

White company acquires a machine (7 year property) on January 10, 2019, at a cost...

Accounting
1.2K views

Jan 1. The salon rented a place that cost 12,000 annually to start the business....

Finance
1.2K views

Using Altmans model you calculate that a firms Z-score is 0.3. This indicates that: Group...

Finance
1.2K views

janet planet had her truck hit a tree in a snowstorm. the truck had $17,500...