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Assume the following financial data for the X Corporation and Y Enterprises. Y Corporation Y Enterprises $738,000 $504,000 140.000 410,000 Total earnings Number of shares
Assume the following financial data for the X Corporation and Y Enterprises. Y Corporation Y Enterprises $738,000 $504,000 140.000 410,000 Total earnings Number of shares of stock outstanding Earnings per share Price-earnings ratio (P/E) Market price per share $3.60 $1.80 10X 20x $36 $36 If all the shares of the X Corporation are exchanged for shares of the Y Enterprises on a share-for-share basis, what will postmerger earnings per share be for Y Enterprises O A 2.42 OB. 1.9 O C.2.02 OD.2.26
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