Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses $ 18,000 240,000 390,000 8,000 Total current assets Property and equipment, net 656,000 890,000 Total assets $1,546,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 8% $ 250,000 310,000 560,000 Total liabilities Stockholders' equity: Common stock, $5 par value Retained earnings $ 190,000 796,000 Total stockholders' equity 986,000 Total liabilities and equity $1,546,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $2,230,000 Cost of goods sold 1,220,000 Gross margin Selling and administrative expenses 1,010,000 660,000 Net operating income Interest expense 350,000 24,800 Net income before taxes Income taxes (30%) 325,200 97,560 Net income $ 227,640 Account balances at the beginning of the year were: accounts receivable, $170,000; and inventory, $300,000. All sales were on account. Assume that Castile Products, Inc., paid dividends of $3.45 per share during the year. Also assume that the company's common stock had a market price of $57 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.) Earnings per share $ 5.99 2. Dividend payout ratio. (Round your intermediate calculations to 2 decimal places. Round your final percentage answer to 1 decimal place (i.e., 0.1234 should be considered as 12.3%).) Dividend payout ratio 16.5% 3. Dividend yield ratio. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be considered as 12.3%).) Dividend yield ratio % 4. Price-earnings ratio. (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.) Price-earnings ratio 5. Book value per share. (Round your answer to 2 decimal places.) Book value per share