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11.ABC is determined to report earnings per share of RM6, when it acquires XYZ. The following are some facts: XYZ RM3 RM8 2.67 300,000 RM900,000

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11.ABC is determined to report earnings per share of RM6, when it acquires XYZ. The following are some facts: XYZ RM3 RM8 2.67 300,000 RM900,000 RM2,400,000 A BC RM5 RM20 Merged firm RM6 Earnings per share Price per share Price-earnings ratio Number of shares Total earnings Total market value 400,000 RM2,000,000 RM8,000,000 There are no gains from the merger. In exchange for XYZ shares, ABC issues just enough of its own shares to ensure its RM5 carnings per share objective. Complete the table

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