1.Assume the followingfinancial data for theRosal Corporation and Manga Corporation:

Rosal

Manga

Total earnings

P300,000

P600,000

Number of shares outstanding

100,000

300,000

Earnings per share

P3.00

P2.00

Price-earnings ratio (P/E)

16.7 x

25 x

Market price per share

P50.00

P50.00

If all the shares of Rosal Corp. are exchanged for Manga Corp. on a share-for-share basis, what will the post-merger earnings per share be for Manga Corporation?