1

Market Value Ratios Lab R Doors' year-end price on its common stock is $58. The firm has total assets of $78 million, the debt ratio is 52%, no preferred stock, and there are 4.3 million shares of common stock outstanding. Calculate the market-to-book ratio for Lab R Doors.

2

Income Statement Bullseye, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $705,500, Interest expense = $47,000, and Taxes = $222,500. Bullseye's has no preferred stock outstanding and 210,000 shares of common stock outstanding. What are the 2008 earnings per share?