The answer is already provided, I am asking how its calculated, how is that an issue

can you explain how Earning per share is calculated ( when market is fooled, when market is smart)?

can you explain how price earning ratio is calculated for ( when market is fooled, when market is smart)?

can you explain how numbers of shares are calculated for (when market is fooled, when market is smart)?

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 $ 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