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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
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 Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 12% Total liabilities Stockholders' equity: Common stock, $10 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 23,000 220,000 330,000 9,000 582,000 880,000 $1,462,000 $ 300,000 390,000 690,000 $ 100,000 672,000 772,000 $1,462,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $2,200,000 Cost of goods sold 1,240,000 Gross margin 960,000 Selling and administrative expenses 570,000 Net operating income 390,000 Interest expense 46,800 Net income before taxes 343,200 Income taxes (30%) 102,960 Net income $ 240, 240 911 Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income JUU, Vu 570,000 390,000 46,800 343,200 102,960 240, 240 Account balances at the beginning of the year were: accounts receivable, $200,000; and inventory, $360,000. All sales were on account. Assume that Castile Products, Inc., paid dividends of $2.75 per share during the year. Also assume that the company's common stock had a market price of $65 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 4. Price-earnings ratio 5. Book value per share %
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