The financial statements for Castile Products, Inc., are given below:

Castile Products, Inc.

Balance Sheet

December 31AssetsCurrent assets:Cash$6,500Accounts receivable, net35,000Merchandise inventory70,000Prepaid expenses3,500Total current assets115,000Property and equipment, net185,000Total assets$300,000Liabilities and Stockholders' EquityLiabilities:Current liabilities$50,000Bonds payable, 10%80,000Total liabilities130,000Stockholders' equity:Common stock, $5 per value30,000Retained earnings140,000Total stockholders' equity170,000Total liabilities and stockholders' equity$300,000

Castile Products, Inc.

Income Statement

For the Year Ended December 31Sales$420,000Cost of goods sold292,500Gross margin127,500Selling and administrative expenses89,500Net operating income38,000Interest expense8,000Net income before taxes30,000Income taxes (30%)9,000Net income$21,000

Account balances at the beginning of the year were: accounts receivable, $25,000; and inventory, $60,000. All sales were on account.

Assume that Castile Products, Inc., paid dividends of $2.10 per share during the year. Also assume that the company's common stock had a market price of $42 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 nearest whole number (i.e., 0.1234 should be entered as 12).)

3. Dividend yield ratio.(Round your intermediate calculations to 2 decimal places. Round your percentage final answer to nearest whole number (i.e., 0.1234 should be entered as 12).)

4. Price-earnings ratio.(Round your intermediate calculations to 2 decimal places. Round your answer to nearest whole number.)

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

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 nearest whole number (i.e., 0.1234 should be entered as 12).) 3. Dividend yield ratio. (Round your intermediate calculations to 2 decimal places. Round your percentage nal answer to nearest whole number (i.e., 0.1234 should be entered as 12).) 4. Price-earnings ratio. (Round your intermediate calculations to 2 decimal places. Round your answer to nearest whole number.) 5. Book value per share. (Round your answer to 2 decimal places.) Earnings per share Dividend payout ratio Dividend yield ratio Price-eamings ratio Book value per share