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Assume the following financial data for Rembrandt Paint Company and Picasso Art Supplies: If all the shares of Rembrandt Paint Company are exchanged for those

image text in transcribed Assume the following financial data for Rembrandt Paint Company and Picasso Art Supplies: If all the shares of Rembrandt Paint Company 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? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Assume the following financial data for Rembrandt Paint Company and Picasso Art Supplies: If all the shares of Rembrandt Paint Company 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? Note: Do not round intermediate calculations. Round your answer to 2 decimal places

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