Exercise 15-10 Financial Ratios for Assessing Market Performance (LO15-6] The financial statements for Castile Products, Inc., are given below: 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, 9% Total liabilities Stockholders' equity: Common stock, $5 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 24,000 250,000 390,000 9,000 673,000 870,000 $1,543,000 $ 290,000 310,000 600,000 $ 170,000 773,000 943,000 $1,543,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $2,190,000 Cost of goods sold 1,180,000 Gross margin 1,010,000 Selling and administrative expenses 650,000 Net operating income 360,000 Interest expense 27,900 Net income before taxes 332, 100 Income taxes (30%) 99,630 Net income $ 232, 470 Account balances at the beginning of the year were: accounts receivable, $210,000; 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 $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 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 %