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 $30 Fixed assets, net 120 Long-term debt 44 Common stock ($1 par) 7 Contributed capital in excess of par value 23 Retained earnings 58 Total assets $162 Total liabilities and equity $162

Income Statement for the Year Ended December 31, Year 1

Sales $119 Cost of sales 80 EBIT $39 Interest 5 EBT $34 Taxes (40%) 13.6 Net income (EAT) $20.4 Additional Information Total dividends $12 million Market price of common stock $32 a share Number of common shares issued 7 million

Using these data, determine the following:

a.) Earnings per share. Round your answer to two decimal places.

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

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

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

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.

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.

Show Eastlands new balance sheet after the company sells 1 million new common shares in early Year 2 to net $28 a share. Part of the proceeds, $10 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.

New Eastland Products' Balance Sheet (Millions of Dollars)

e.) Current assets $

f.) Current liabilities $

g.) Fixed assets, net

h.) Long-term debt

i.) Common stock ($1 par) Contributed capital in excess of par value

j.) Retained earnings

k.) Total assets $

l.) Total liabilities and equity $