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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 Accounts receivable, net Merchandise

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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 Accounts receivable, net Merchandise inventory Prepaid expenses $ 20,000 250,000 400,000 10,000 Total current assets Property and equipment, net Total assets 680,000 880,000 $1,560,000 $ 250,000 380,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 11% Total liabilities Stockholders' equity Common stock, $5 par value Retained earnings Total stockholders' equity 630,000 $ 130,000 800,000 930,000 Total liabilities and equity $1,560,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $2,280,000 Cost of goods sold 1,240,000 Gross margin 1,040,000 Selling and administrative expenses 640,000 Net operating income 400,000 Interest expense 41,800 Net income before taxes Income taxes (30%) Net income 358,200 107,460 $ 250,740 Account balances at the beginning of the year were: accounts receivable, $190,000; and inventory, $280,000. All sales were on account. Assume that Castile Products, Inc., paid dividends of $2.25 per share during the year. Also assume that the company's common stock had a market price of $66 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.) Earnings per share 2. Dividend payout ratio. (Round your intermediate calculations to 2 decimal places. Round your final percentage answer to 1 decimal place (i.e., 0.1234 should be considered as 12.3%).) Dividend payout ratio % 3. Dividend yield ratio. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be considered as 12.3%).) Dividend yield ratio % 4. Price-earnings ratio. (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.) Price-earnings ratio 5. Book value per share. (Round your answer to 2 decimal places.) Book value per share

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