Determine the earnings per share price-to-earnings ratio


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

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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. How much of the retained earnings total was added during 2006?

f. Show Eastland's new balance sheet after the company sells 1 million new common shares in early 2007 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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Financial Management: Determine the earnings per share price-to-earnings ratio
Reference No:- TGS02139694

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