Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets Property and equipment, net $ 21,000 190,000 370,000 11,000 592,000 880,000 $1,472,000 Total assets $ Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 11% Total liabilities Stockholders' equity: Common stock, $10 per value Retained earnings Total stockholders' equity 250,000 350,000 600,000 $ 200,000 672,000 872,000 Total liabilities and stockholders' equity $1,472,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $ 2,260,000 Cost of goods sold 1,230,000 Gross margin 1,030,000 Selling and administrative expenses 620,000 Net operating income 410,000 Interest expense 38,500 Net income before taxes 371,500 Income taxes (30%) 111,450 Net income $ 260, 050 Account balances at the beginning of the year were: accounts receivable, $200,000; and inventory, $290,000. All sales were on account. Assume that Castile Products, Inc., paid dividends of $3.55 per share during the year. Also assume that the company's common stock had a market price of $55 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. (i.e., 0.1234 should be entered as 12.34).) 3. Dividend yield ratio. (Round your percentage answer to 2 decimal places. (i.e., 0.1234 should be entered as 12.34).) 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.)