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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, 88 Total liabilities Stockholders' equity: Common stock, $10 per value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 22,000 170,000 390.000 7,000 589,000 890,000 $1,479,000 $ 230,000 350,000 580,000 $ 160,000 739,000 899,000 $1,479,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $2,200,000 Cost of goods sold 1,230,000 Gross margin 970,000 Selling and administrative expenses 610,000 Net operating income 360,000 Interest expense 28,000 Net income before taxes 332,000 Income taxes (30%) 99,600 $ Net income 232.400 Account balances at the beginning of the year were accounts receivable $240,000: and Inventory. $270,000. All sales were on account Assume that Castile Products, Inc., paid dividends of $2.85 per share during the year. Also assume that the company's common stock had a market price of $70 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, i.e., 0.1234 should be entered as 12.34).) 3. Dividend yield ratio, (Round your percentage answer to 2 decimal places. Le., 0.1234 should be entered as 12.34).) 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 6. Book value per share