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

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...................................................$10 million
Market price of common stock.................................$32 a share
Number of common shares issued.................................5 million
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 Eastland's new balance sheet after the company sells 1 million new common 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 company's bank account. Later, this remaining amount (along with additional long-term debt financing) will be invested in new manufacturing facilities.

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Balance Sheet, December 31, 2013 (in Millions of Dollars Curent assets40 Current liabilities Fixed assets, net 110 Long-term debt 30 40 Common stock (S1 par) Contributed capital in excess of par value Retained eamings Total liabilities and equity 20 Total assets $150 STHI