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Assume the following financial data for the Wolf Corporation and Lamb Enterprises. a . If all the shares of the Wolf Corporation are exchanged for

Assume the following financial data for the Wolf Corporation and Lamb Enterprises.

.

If all the shares of the Wolf Corporation are exchanged for shares of the Lamb Enterprises on a share

-

for

-

share basis, what will be

postmerger EPS for Lamb Enterprises? Use an approach similar t

.

Explain why the EPS of Lamb Enterprises changed.

.

Can we necessarily assume that Lamb Enterprises is better or worse off?

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