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Assume the following financial data for the Noble Corporation and Barnes Enterprises: Noble Corporation Barnes Enterprises Total earnings $ 2 , 0 5 4 ,
Assume the following financial data for the Noble Corporation and Barnes Enterprises:
Noble
Corporation Barnes
Enterprises
Total earnings $ $
Number of shares of stock outstanding
Earnings per share $ $
Priceearnings ratio PE
Market price per share $ $
If all the shares of the Noble Corporation are exchanged for those of Barnes Enterprises on a shareforshare basis, what will postmerger earnings per share be for Barnes Enterprises? Do not round intermediate calculations. Round your answer to decimal places.
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