Exercise 13-10 Financial Ratios for Assessing Market Performance LO13-6] The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet Assets Current assets: $ 23,000 260,000 370,000 8,000 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets Property and equipment, net 661,000 880,000 Total assets $1,541,000 Liabilities and Stockholders' Equity Liabilities: $280,000 Current liabilities Bonds payable, 9% 310,000 590,000 $ 140,000 Total liabilities Stockholders' equity Common stock, $10 par value Retained earnings 811,000 951,000 $1,541,000 Total stockholders' equity Total liabilities and equity Castile Products, Inc. Income Statement For the Year Ended December 31 $2,110,000 1,200,000 Sales Cost of goods sold 910,000 610,000 Gross margin Selling and administrative expenses Net operating income Interest expense 300,000 27,900 272,100 81,630 Net income before taxes Income taxes (30%) $ 190,470 Net income Account balances at the beginning of the year were: accounts receivable, $240,000; and inventory, $340,000. All sales were on account. Assume that Castile Products, Inc., paid dividends of $2.65 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) Eamings per share 2 Dividend payout ratio. (Round your intermediate calculations to 2 decimal places.Round your fina percentage answer to 1 decimal place (l.., 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%)) ield ratio 4. Price-eamings ratio. (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.) earnings ratio 5. Book value per share. (Round your answer to 2 decimal places.) k value per share