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The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash $ 24,000 Accounts receivable,

The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash $ 24,000 Accounts receivable, net 250,000 Merchandise inventory 330,000 Prepaid expenses 9,000 Total current assets 613,000 Property and equipment, net 880,000 Total assets $ 1,493,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 280,000 Bonds payable, 11% 390,000 Total liabilities 670,000 Stockholders equity: Common stock, $5 per value $ 140,000 Retained earnings 683,000 Total stockholders equity 823,000 Total liabilities and stockholders equity $ 1,493,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $ 2,200,000 Cost of goods sold 1,170,000 Gross margin 1,030,000 Selling and administrative expenses 580,000 Net operating income 450,000 Interest expense 42,900 Net income before taxes 407,100 Income taxes (30%) 122,130 Net income $ 284,970 Account balances at the beginning of the year were: accounts receivable, $170,000; and inventory, $310,000. All sales were on account. Assume that Castile Products, Inc., paid dividends of $3.05 per share during the year. Also assume that the companys common stock had a market price of $58 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.)

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