Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls help i will rate Castile Products, Incorporated Balance Sheet December 31 Assets Current assets: Castile Products, Incorporated Income Statement For the Year Ended December

pls help i will rate
image text in transcribed
image text in transcribed
Castile Products, Incorporated Balance Sheet December 31 Assets Current assets: Castile Products, Incorporated Income Statement For the Year Ended December 31 SalesCostofgoodssoldGrossmarginSellingandadministrativeexpensesNetoperatingincomeInterestexpenseNetincomebeforetaxesIncometaxes(308)$420,000292,500127,50089,50038,0008,00030,0009,000 Account balances at the beginning of the year were; accounts receivable, $25,000; and inventory. $60,000. All sales were on account. Assume that Castile Products, Incorporated, 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: 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 nearest whole number (i.e., 0.1234 should be entered as 12).) 3. Dividend yield ratio. (Round your intermediate calculations to 2 decimal places. Round your percentage final answer to nearest whole number (i.e., 0.1234 should be entered as 12).) 4. Price-earnings ratio. (Round your intermediate calculations to 2 decimal places. Rnd your answer to nearest whole number.) 5. Book value per share. (Round your answer to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Activity Based Cost Management In Government

Authors: Gary Cokins

2nd Edition

1567261817, 978-1567261813

More Books

Students also viewed these Accounting questions