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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

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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 Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 11% Total liabilities Stockholders' equity: Common stock, $10 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 21,000 200,000 350,000 8,000 579,000 850,000 $1,429,000 $ 290,000 380,000 670,000 $ 160,000 599,000 759,000 $1,429,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $2,180,000 Cost of goods sold 1,250,000 Gross margin 930,000 Selling and administrative expenses 620,000 Net operating income 310,000 Interest expense 41,800 Net income before taxes 268,200 Income taxes (30%) 80,460 Net income $ 187,740 Account balances at the beginning of the year were, accounts receivable, $170,000, and inventory, $350,000. All sales were on account Assume that Castile Products, Inc. paid dividends of $3.65 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.) 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 volue per share. (Round your answer to 2 decimal places.) 1. Earnings per share 2 Didend payout a Dividend yield ratio 4. Prow-carningsradio 5. Book nu per share

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