Account balances at the beginning of the year were: accounts receivable, $160,000; and inventory, $310,000. All...

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Account balances at the beginning of the year were: accounts receivable, $160,000; and inventory, $310,000. All sales were on account. Assume that Castile Products, Incorporated paid dividends of $3.45 per share during the year. Also assume that the company's common stock had a market price of $69 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 3. Price-earnings ratio 4. Book value per share % % Assets Castile Products, Incorporated Balance Sheet December 31 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 Castile Products, Incorporated Income Statement $ 21,000 240,000 390,000 9,000 660,000 910,000 $ 1,570,000 $ 240,000 390,000 630,000 $ 180,000 760,000 940,000 $ 1,570,000 For the Year Ended December 31 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 $ 2,270,000 1,170,000 1,100,000 610,000 490,000 42,900 447,100 134,130 $ 312,970 Account balances at the beginning of the year were: accounts receivable, $160,000; and inventory, $310,000. All sales were on account. Assume that Castile Products, Incorporated paid dividends of $3.45 per share during the year. Also assume that the company's common stock had a market price of $69 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 3. Price-earnings ratio 4. Book value per share % % Assets Castile Products, Incorporated Balance Sheet December 31 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 Castile Products, Incorporated Income Statement $ 21,000 240,000 390,000 9,000 660,000 910,000 $ 1,570,000 $ 240,000 390,000 630,000 $ 180,000 760,000 940,000 $ 1,570,000 For the Year Ended December 31 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 $ 2,270,000 1,170,000 1,100,000 610,000 490,000 42,900 447,100 134,130 $ 312,970