Use the following to answer questions 20 through 22:

Shamrock Inc. has total assets of $26 million including cash and marketable securities of $5 million, debt of $5 million, book value of equity of $10 million and market value of equity of $30 million. Last year EBITDA was $4 million and net earnings were $3 million.

______20) What is the enterprise value of the company?

A. $29.0 million B. $30.0 million C. $31.0 million 4. Some other amount

______21) The price to earnings ratio is closest to:

A. 22.5 times B. 15 times C. 12.5 times D. 10.0 times

______22) The price to book ratio is closest to:

A. 22.5 times B. 15 times C. 12.5 times D. 3.0 times