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		110		Long-term debt		45
				Common stock ($1 par)		5
				Contributed capital in excess of par value		20
				Retained earnings		52
Total assets		$152		Total liabilities and equity		$152

Income Statement for the Year Ended December 31, Year 1
Sales			$119
Cost of sales			81
EBIT			$38
Interest			6
EBT			$32
Taxes (40%)			12.8
Net income (EAT)			$19.2

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:

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 $28 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.

   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	$