Elsa of Airendale Incorporated has 2.00 million shares outstanding trading at $12.50 this morning. In the last 12 months, Elsa reports net income of $5.50 million. On the balance sheet, Elsa has shareholder equity of $8.00 million and total assets of $15.00 million.
A) What is the market-to-book ratio for Elsa of Airendale Incorporated?
B) What is the earnings per share for Elsa over the last 12 months?
C) What is the price earnings ratio for Elsa currently?
C) An analyst for Of the Seven Isles Portfolio estimates that the market value of Elsa of Airendale debt is $15 million. What is the estimated enterprise value of Elsa of Airendale Incorporated? (express answer in units of millions)