Financial data for noble corporation

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Assume the following financial data for Noble Corporation and Barnes Enterprises:

                                                                                        Noble                              Barnes

Total Earnings                                                                   $1,525,000                     $4,820,000

Number of shares of stock outstanding                      610,000                        2,410,000

EPS ($/share)                                                                                  2.5                                   2.0

P/E ratio                                                                                            20                                     25

Market Price per share ($/ share)                                           50                                     50

If all shares of the Noble Corporation are exchanged for those of Barnes Enterprises on a share-for-share basis, what will post merger earnings per share be for Barnes Enterprises?

Reference no: EM131758021

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