Use the Information for the Question(s)below

question 27

Essay

Use the information for the question(s)below.
Martin Manufacturing has earnings per share (EPS)of $3.00,5 million shares outstanding,and a share price of $32.Martin is considering buying Luther Industries,which has earnings per share of $2.50,2 million shares outstanding,and a share price of $20.Martin will pay for Luther by issuing new shares.There are no expected synergies from the transaction.
-If Martin pays no premium to acquire Luther,what will the earnings per share be after the merger?

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Definitions:

Motor Development

The progression of muscle coordination, strength, and movement patterns that enable physical activities and tasks over the course of a person's life.

Environmental Factors

Aspects of the surroundings that can affect living organisms, including both natural and human-made conditions.

Early Motor Development

The progression of muscular coordination and use of limbs and body in early life stages.

Cephalocaudal

A pattern of growth where development begins at the head and progresses downwards towards the feet.