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Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses $ 24,000 190,000 310,000 10,000 Total current

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Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses $ 24,000 190,000 310,000 10,000 Total current assets Property and equipment, net 534,000 900,000 Total assets $1,434,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 9% $ 250,000 360,000 610,000 Total liabilities Stockholders' equity: Common stock, $10 par value Retained earnings $ 100,000 724,000 Total stockholders' equity 824,000 Total liabilities and equity $1,434,000 Castile Products, Inc. Income Statement For the Year Ended December 31. Sales $2,150,000 Cost of goods sold 1,170,000 Gross margin Selling and administrative expenses 980,000 650,000 Net operating income Interest expense 330,000 32,400 Net income before taxes Income taxes (30%) 297,600 89,280 Net income $ 208,320 Account balances at the beginning of the year were: accounts receivable, $210,000; and inventory, $300,000. All sales were on account. Assume that Castile Products, Inc., paid dividends of $3.05 per share during the year. Also assume that the company's common stock had a market price of $53 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 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 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

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