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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 $ 20,000 Accounts receivable,

The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash $ 20,000 Accounts receivable, net 250,000 Merchandise inventory 380,000 Prepaid expenses 10,000 Total current assets 660,000 Property and equipment, net 810,000 Total assets $ 1,470,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 220,000 Bonds payable, 11% 400,000 Total liabilities 620,000 Stockholders equity: Common stock, $5 par value $ 100,000 Retained earnings 750,000 Total stockholders equity 850,000 Total liabilities and equity $ 1,470,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $ 2,180,000 Cost of goods sold 1,200,000 Gross margin 980,000 Selling and administrative expenses 570,000 Net operating income 410,000 Interest expense 44,000 Net income before taxes 366,000 Income taxes (30%) 109,800 Net income $ 256,200 Account balances at the beginning of the year were: accounts receivable, $150,000; and inventory, $320,000. All sales were on account. Assume that Castile Products, Inc., paid dividends of $2.75 per share during the year. Also assume that the companys common stock had a market price of $70 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 final percentage answer to 1 decimal place (i.e., 0.1234 should be considered as 12.3%).)

3. Dividend yield ratio. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be considered as 12.3%).)

4. Price-earnings ratio. (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.)

5. Book value per share. (Round your answer to 2 decimal places.)

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