6)

The financial statements for Castile Products, Incorporated, are given below:

Castile Products, Incorporated Balance Sheet December 31
Assets
Current assets:
Cash	$ 23,000
Accounts receivable, net	250,000
Merchandise inventory	330,000
Prepaid expenses	8,000
Total current assets	611,000
Property and equipment, net	830,000
Total assets	$ 1,441,000
Liabilities and Stockholders' Equity
Liabilities:
Current liabilities	$ 210,000
Bonds payable, 8%	380,000
Total liabilities	590,000
Stockholders equity:
Common stock, $5 per value	$ 150,000
Retained earnings	701,000
Total stockholders equity	851,000
Total liabilities and stockholders equity	$ 1,441,000

Castile Products, Incorporated Income Statement For the Year Ended December 31
Sales	$ 2,160,000
Cost of goods sold	1,210,000
Gross margin	950,000
Selling and administrative expenses	580,000
Net operating income	370,000
Interest expense	30,400
Net income before taxes	339,600
Income taxes (30%)	101,880
Net income	$ 237,720

Account balances at the beginning of the year were: accounts receivable, $190,000; and inventory, $290,000. All sales were on account.

Assume that Castile Products, Incorporated, paid dividends of $3.95 per share during the year. Also assume that the companys common stock had a market price of $58 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 2 decimal places.)

3. Dividend yield ratio. (Round your percentage answer to 2 decimal places.)

4. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.)

5. Book value per share. (Round your answer to 2 decimal places.)