Exchange ratio? how did they arrive to 0.50,

since Price/share for innovative is 45/share, and price/share for quick resolve is 15/share. which makes one share of innovative = 3 share of quick resolve, how can you justify Number of shares for quick 50,000,000umber of share innovative 100,000,000? to come with 0.5

Innovative Concepts (after the acquisition) Innovative The Market is Concepts QuickResolve The Market is Fooled Smart Earnings per share $1.50 $1.20 1.68 S 1.68 Price per share $45 15.00 50.40 $45 Price-earnings ratio 30 12.5 30 26.79 Number of shares 100,000,000 50,000,000 125,000,000 125,000,000 Total earnings $150,000,000 $60,000,000 $210,000,000 $210,000,000 Total value $4,500,000,000 $750,000,000 $6,300,000,000 $5,625,000,000 Exchange Ratio = 0.50