The financial statements for Castile Products, Incorporated are qiven below: Account balances at the beginning of the year were: accounts recelvable, $190,000; and inventory. $340,000. All sales were on account. Assets at the beginning of the year totaled $1,040,000, and the stockholders equity totaled $715,000. Required: Compute the following; (For Requirements 1 to 4 , enter your percentage answers rounded to 2 decimal places (i.e., 0.1234 should be entered as 12,34).) 1. Gross margin percentage. 2. Net profit margin percentage 3. Return on total assets. 4 Return on equity. 1. Gross margin percentage. 2. Net profit margin percentage. 3. Return on total assets. 4. Return on equity. 5. Was financial leverage positive or negative for the year? Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below, The company did not issue any new common stock during the year. A total of 860.000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the end of this year was $21.00. All of the company's sales are on account. Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earninge Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{rr} $10,100 & $8,600 \\ 720 & 1,000 \\ 360 & 360 \\ \hline 11,180 & 9,960 \end{tabular} \begin{tabular}{rr} 6,250 & 6,250 \\ \hline 17,430 & 16,210 \\ \hline & \\ 860 & 860 \\ 4,500 & 4,500 \\ \hline 5,360 & 5,360 \\ 31,446 & 27,260 \\ \hline 36,896 & 32,620 \\ \hline 5$4,236 & $48,830 \\ \hline \end{tabular} Weller Corporation Comparative Income Statement and Reconciliation Sales (dollars in thousands) Cost of goods sold Gross margin Selling and admindstrative expenses: Sel1Ing expenses Administrettye expenses \begin{tabular}{rr} This Year & Last Year \\ $65,000 & 580,000 \\ 55,000 & 51,000 \\ \hline 30,000 & 29,000 \\ \hline 9,100 & 8,600 \\ 12,600 & 11,600 \end{tabular} Total selling and administrative expenses Net operating income Interest expense Net income before taxes. Income taxes Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earnings Required: Compute the following financial data for this year: 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 3. Dividend payout ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 4. Dividend yield ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 5. Book value per share. (Round your answer to 2 decimal places.)
