Beatty Company Is Thinking About Buying a Competitor, Candiac Ltd

Beatty Company is thinking about buying a competitor, Candiac Ltd, who is slightly smaller than Beatty.The management is wondering about how the purchase might affect their financial statements.They could use the cash and securities they have on hand to buy 100% of Candiac's shares, or they could just negotiate directly with management and buy all of Candiac's assets.
Required:
A) If Beatty buys the shares, how will it affect their financial statements?
B) What could Beatty expect will happen to their return on equity and debt-to-equity ratios?
C) If Beatty buys the assets, how will it affect their financial statements?