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The balance sheet and income statement of Eastland Products, Inc., are as follows: Balance Sheet, December 31, 2013 (in Millions of Dollars) Current assets $

The balance sheet and income statement of Eastland Products, Inc., are as follows: Balance Sheet, December 31, 2013 (in Millions of Dollars) Current assets $ 40 Current liabilities $30 Fixed assets, net 110 Long-term debt 40 Common stock ($1 par) 5 Contributed capital in excess of par value 20 Retained earnings 55 Total assets $150 Total liabilities and equity $150 Income Statement for Year Ended December 31, 2013 (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 Market price of common stock Number of common shares issued $10 million $32 a share 5million 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 2013? g. Show Eastlands newbalancesheetafterthecompanysells1millionnewcommon shares in early 2014 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 com- panys bankaccount.Later,thisremainingamount(alongwithadditionallong- term debt financing) will be invested in new manufacturing facilities.

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