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Given this information and that which follows, complete the table regarding the G2NGPC merger. G2 NGPC Consolidated Financial Data Balance sheet data Total assets $22,000,000
Given this information and that which follows, complete the table regarding the G2NGPC merger.
G2 | NGPC | Consolidated Financial Data | |
---|---|---|---|
Balance sheet data | |||
Total assets | $22,000,000 | $3,500,000 | |
Total liabilities | 9,350,000 | 1,225,000 | 10,575,000 |
Total equity | 12,650,000 | 2,275,000 | |
Income statement data | |||
Sales | $70,000,000 | $10,000,000 | |
Earnings after taxes | 8,400,000 | 800,000 | 9,200,000 |
Common shares outstanding | 5,000,000 | 750,000 | |
Additional information | |||
Earnings per share | |||
Price-to-earnings ratio | 55.00 |
True or False: The company with a larger market value in a merger is always the acquirer, and the company with a smaller market value in a merger is the target. The merger is expected to create synergistic benefits for the target company.True
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