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Assume the following financial data for the Noble Corporation and Barnes Enterprises: Total earnings Number of shares of stock outstanding Earnings per share Price-earnings ratio

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Assume the following financial data for the Noble Corporation and Barnes Enterprises: Total earnings Number of shares of stock outstanding Earnings per share Price-earnings ratio (P/E) Market price per share Noble Corporation $1,525,000 610,000 $ 2.50 20 50 Barnes Enterprises $4,820,000 2,410,000 $ 2.00 25 $ 50 If all the shares of the Noble Corporation are exchanged for those of Barnes Enterprises on a share-for-share basis, what will postmerger earnings per share be for Barnes Enterprises? (Do not round intermediate calculations. Round your answer to 2 decimal places.) is, what vit 2 decima Postmerger earnings per share

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