Some assistance please
Question 1
Question 2
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, 10% Total liabilities Stockholders' equity: Common stock, $5 per value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 20,000 160,000 390,000 8,000 578,000 830,000 $1,408,000 $ 260,000 300,000 560,000 $ 140,000 708,000 848,000 $1,408,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Tnrnm un 1200 $2,150,000 1,200,000 950,000 660,000 290,000 30,000 260,000 70 ana Castile Products, Inc. Income Statement For the Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income $2,150,000 1,200,000 950,000 660,000 290,000 30,000 260.000 78.000 $ 182.000 Account balances at the beginning of the year were: accounts receivable, $230,000, and inventory. $300,000. All sales were on account Assets at the beginning of the year totaled $1,050,000, and the stockholders' equity totaled $645,000. Required: Compute the following: (For Requirements 1 to 4, enter your percentage answers rounded to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) 1 Gross margin percentage. 2. Net profit margin percentage 3. Return on total assets. 4. Return on equity 5. Was financial leverage positive or negative for the year? 1. Gross margin percentage 2. Net profit margin percentage 3. Return on total assets 4. Return on equity 5. Financial Leverage 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 per value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 20,000 220,000 300,000 9,000 549,000 890,000 $1,439,000 $ 260,000 330,000 590,000 $ 150,000 699,000 849,000 $1,439,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) $2,270,000 1,210,000 1,060,000 620,000 440,000 29,700 410,300 123,090 Castile Products, Inc. Income Statement . For the Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income $2,270,000 1,210, 680 1,860, 880 620,000 440,000 29,700 410,300 123,090 287,210 Account balances at the beginning of the year were: accounts receivable, $210,000, and inventory. $350,000. All sales were on account Assume that Castile Products, Inc., paid dividends of $3.15 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 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. (ie., 0.1234 should be entered as 12.34).) 3. Dividend yield ratio. (Round your percentage answer to 2 decimal places. (ie., 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.) 11. Earnings per share Account balances at the beginning of the year were accounts receivable. $210,000, and inventory, $350,000. All sales were on account Assume that Castile Products, Inc., paid dividends of $3.15 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 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. (i.e., 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 2 Dividend payout ratio 3. Dividend yield ratio 4 Price-earnings ratio 5. Book value per share
