Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Having trouble with this question The financial statements for Castile Products, Incorporated, are given below: Account balances at the beginning of the year were: accounts
Having trouble with this question The financial statements for Castile Products, Incorporated, are given below: Account balances at the beginning of the year were: accounts recelvabie, $210,000; and inventory, $290,000. All sales were on account. Assume that Castile Products, Incorporated, paid dividends of $2.85 per share during the year. Also assume that the company's common stock had a market price of $72 at the end of the year and there was no change in the number of outstanding shares of common stock during the yeat. Requited: Compute financial ratios as foliows: 1. Earnings per share. Note: Round your answer to 2 decimal places. 2. Dividend payout ratio. Note: Round your intermedlate calculations to 2 decimal places. Round your percentage final answer to 2 decimal places. 3. Dividend yeld rato. Note: Round your percentage answer to 2 decimal places. 4. Price-earnings ratio. Note: Pound your intermediate calculations and final answer to 2 decimal places. 5. Book volue per share. Note: Round your answer to 2 decimal places
Having trouble with this question
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started