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

Balance Sheet, December 31, Year 1 (in Millions of Dollars)
Current assets		$42		Current liabilities		$32
Fixed assets, net		120		Long-term debt		41
				Common stock ($1 par)		5
				Contributed capital in excess of par value		21
				Retained earnings		63
Total assets		$162		Total liabilities and equity		$162

Income Statement for the Year Ended December 31, Year 1
Sales			$118
Cost of sales			82
EBIT			$36
Interest			5
EBT			$31
Taxes (40%)			12.4
Net income (EAT)			$18.6

Additional Information
Total dividends	$12 million
Market price of common stock	$32 a share
Number of common shares issued	5 million

Using these data, determine the following:

1. Earnings per share. Round your answer to two decimal places.

2. Price-to-earnings ratio. Round your answer to two decimal places.

3. Book value per share. Round your answer to two decimal places.

4. Market-to-book ratio. Round your answer to two decimal places.

5. EV-EBITDA multiple. Assume the cost of sales includes $10 million in depreciation expenses. Assume there are no amortization expenses. Round your answer to two decimal places.

6. How much of the retained earnings total was added during Year 1? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places. $ million

7. Show Eastlands new balance sheet after the company sells 1 million new common shares in early Year 2 to net $29 a share. Part of the proceeds, $11 million, is used to reduce current liabilities, and the remainder is temporarily deposited in the companys bank account. Later, this remaining amount (along with additional long-term debt financing) will be invested in new manufacturing facilities. Enter your answers in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answers to the nearest whole number.

   h.

   New Eastland Products' Balance Sheet (Millions of Dollars)
   Current assets	$ _______	Current liabilities	$ _____
   Fixed assets, net	$_______	Long-term debt	$______
   		Common stock ($1 par)	$______
   		Contributed capital in excess of par value	$______
   		Retained earnings	$______
   Total assets	$ _______	Total liabilities and equity	$______