8 nts Exercise 16-10 (Algo) Financial Ratios for Assessing Market Performance [LO16-6] The financial statements for Castile Products, Incorporated, are given below: Castile Products, Incorporated Balance Sheet December 31 eBook Assets 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, 11% Total liabilities Stockholders' equity: Common stock, $5 per value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 19,000 220,000 400,000 10,000 649,000 830,000 $ 1,479,000 $ 210,000 320,000 530,000 $ 150,000 799,000 949,000 $ 1,479,000 Castile Products, Incorporated Income Statement For the Year Ended December 31 Castile Products, Incorporated Income Statement For the Year Ended December 31 4 points eBook Print References Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income $2,100,000 1,240,000 860,000 580,000 280,000 35,200 244,000 73,440 $171,360 Account balances at the beginning of the year were: accounts receivable, $150,000, and inventory, $360,000 All sales were on account Assume that Castile Products, Incorporated, paid dividends of $4.05 per share during the year Also assume that the company's common stock had a market price of $59 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.) 1. Earnings per share 2. Dividend payout ratio 3. Dividend yield ratio 4. Price-earnings ratio 5. Book value per share %