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 $$4\mathrm{.}15$ per share during the year. Also assume that the company's

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:

Earnings per share. $($Round your answer to $2$ decimal places.$)$

Dividend payout ratio. $($Round your intermediate calculations to $2$ decimal places. Round your percentage final answer to $2$

decimal places.$)$

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

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

Book value per share. $($Round your answer to $2$ decimal places.$)$The financial statements for Castile Products, Incorporated, are given below:

Castile Products, Incorporated

Balance Sheet

December $31$

Assets

Current assets:

Cash $ $20,000$

Accounts receivable, net $260,000$

Merchandise inventory $360,000$

Prepaid expenses $6,000$

Total current assets $646,000$

Property and equipment, net $860,000$

Total assets $ $1,506,000$

Liabilities and Stockholders' Equity

Liabilities:

Current liabilities $ $250,000$

Bonds payable, $10\%360,000$

Total liabilities $610,000$

Stockholders$$ equity:

Common stock, $$10$ per value $ $110,000$

Retained earnings $786,000$

Total stockholders$$ equity $896,000$

Total liabilities and stockholders$$ equity $ $1,506,000$

Castile Products, Incorporated

Income Statement

For the Year Ended December $31$

Sales $ $2,230,000$

Cost of goods sold $1,240,000$

Gross margin $990,000$

Selling and administrative expenses $630,000$

Net operating income $360,000$

Interest expense $36,000$

Net income before taxes $324,000$

Income taxes $(30\%)97,200$

Net income $ $226,800$

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 $$4\mathrm{.}15$ per share during the year. Also assume that the company$$s 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.$)$