World Enterprises is determined to acquire Intous Ltd through exchanging stocks. World Enterprises is offering R65 per share for Intous ltd. You are given the following information   World Enterprises Intous Ltd Net Income R50  R10  Shares outstanding 5000 2000 Earnings per share R10  R5  Market price per share R150    Price earnings ratio R15      a. Calculate the number of shares to be issued by Intous Ltd: b. Calculate combined earnings per share of both World Enterprise and Intous Ltd c. Calculate price earnings ratio (P/E ratio) paid (Hint: use the R65 to calculate the P/E ratio)

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