The balance sheet and income statement of Eastland Products, Inc., are as follows:

Income Statement for Year Ended December 31, 2016 (in Millions of Dollars)

Sales......................................................................$120

Cost of sales............................................................80

EBIT.......................................................................$ 40

Interest......................................................................5

EBT......................................................................$ 35

Taxes (40%)...........................................................14

Net Income (EAT)...............................................$ 21

Additional Information 

Total Dividends..........................................................$10 Million

Market price of common stock................................$32 a share  

Number of common shares issued.........................5 Million 

Using these data, determine the following:
a. Earnings per share
b. Price-to-earnings ratio 

c. Book value per share
d. Market-to-book ratio
e. EV-EBITDA multiple. Assume the cost of sales includes $10 million in depreciation expenses. Assume there are no amortization expenses.
f. How much of the retained earnings total was added during 2016?
g. Show East land€™s new balance sheet after the company sells 1 million new common shares in early 2017 to net $30 a share. Part of the proceeds, $10 million, is used to reduce current liabilities, and the remainder is temporarily deposited in the company€™s bank account. Later, this remaining amount (along with additional long-term debt financing) will be invested in new manufacturing facilities.

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Balance Sheet, December 31, 2016 (in Millions of Dollars) Current liabilities Long-term debt Common stock ($1 par) Contributed capital in excess of par value Retained eamings Total liabilities and equity Current assets Fixed assets, net $ 30 40 $ 40 110 5 20 55 Total assets $150 $150