Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $420,000 292,500 27,500 Selling and administrative expenses....89,500 38,000 Gross margin Net operating income.. Interest expense.... Net income before taxes Income taxes (30%) Net income 8,000 30,000 9,000 $21.000 Account balances at the beginning of the year were. accounts receivable, $25,000, and inventory $60,000. All sales were on account EXERCISE 15-10 Financial Ratios for Assessing Market Performance [L015-6] Refer to the financial statements for Castile Products, Inc, in Exercise 15-8 In addition to the data in these statements, assume that Castile Products, Inc., paid dividends of $2.10 per share during the year Also assume that the company's common stock had a market price of $42 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: 14. Earnings per share 15. Dividend payout ratio 16. Dividend yield ratio 17. Price-earnings ratio. 18 Book value per share