Target eps adjusted to acquire fye

Assignment Help Accounting Basics

Reference no: EM1359390

Use the following information to answer the question below:

Acquisition takes place at beginning of October 2007

Acquirer FYE - June 30

Target FYE - December 31

Acquirer expected EPS for FYE June 2008 is $2.40

Target consensus EPS for FYE Dec 2007 is $1.12

Target consensus EPS for FYE Dec 2008 is $1.78

Assuming 360 days in a year for simplicity, calculate target EPS adjusted to acquirer FYE in the transaction year (FYE June 2008):

1. $1.45

2. $1.62

3. $2.00

4. $2.90

Please select / choose 1 option only from the 4 options listed above.

Reference no: EM1359390

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