4 Assets Balance Sheet December 31 1.2 points 03 01:34:15 eBook Print References Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets Property and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 10% Total liabilities Stockholders' equity: Common stock, $5 per value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 6,500 35,000 70,000 3,500 115,000 185,000 $ 300,000 $ 50,000 80,000 130,000 30,000 140,000 170,000 $ 300,000 Sales Castile Products, Incorporated Income Statement For the Year Ended December 31 Cost of goods sold $ 420,000 292,500 127,500 Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income 89,500 38,000 8,000 30,000 9,000 $ 21,000 Account halances at the beginning of the year were accounts receivable $25.000- and invanton Account balances at the beginning of the year were: accounts receivable, $25,000; and inventory, $60,000. All sales were on account Assume that Castile Products, Incorporated, paid dividends of $2.10 per share during the year. Also assume that the company's common stock had a market price of $42 at the end of the year and there was no change in the number of outstanding shares of common stock during the year. Required: Compute financial ratios as follows: 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Dividend payout ratio. (Round your Intermediate calculations to 2 decimal places. Round your percentage final answer to nearest whole number (l.e., 0.1234 should be entered as 12).) 3. Dividend yield ratio. (Round your Intermediate calculations to 2 decimal places. Round your percentage final answer to nearest whole number (l.e., 0.1234 should be entered as 12).) 4. Price-earnings ratio. (Round your Intermediate calculations to 2 decimal places. Round your answer to nearest whole number.) 5. Book value per share. (Round your answer to 2 decimal places.) 1. Eamings per share 2. Dividend payout ratio 3. Dividend yield ratio 4. Price-eamings ratio 5. Book value per share