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Account balances at the beginning of the year were: accounts receivable, $230,000; and inventory, $350,000. All sales were on account. Assume that Castile Products, Incorporated
Account balances at the beginning of the year were: accounts receivable, $230,000; and inventory, $350,000. All sales were on account. Assume that Castile Products, Incorporated paid dividends of $2.85 per share during the year. Also assume that the company's common stock had a market price of $60 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 declmal places.) 2 Dividend payout ratio. (Round your Intermedlete calculatlons to 2 declmal places. Round your percentage flnal answer to 2 decimal pleces.) 3. Dividend yield ratio. (Round your percentage onswer to 2 decimal places.) 4. Price-earnings ratio. (Round your Intermedlete calculations and flnal onswer to 2 decimal pleces.) 5. Book value per share. (Round your answer to 2 declmal pleces.)
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