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 un $2,270,000 1,210,000 1,060,000 620,000 440,000 29,700 410,300 172 na T 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 1,210,000 1,060,000 620,000 440,000 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. (i.e., 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 1234).) 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.) 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 $315 per share during the year. Also assume that the company's common sto 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
