Question
The financial statements for Castile Products, Inc., are given below: Account balances at the beginning of the year were: accounts receivable, $230,000; and inventory, $320,000.
The financial statements for Castile Products, Inc., are given below:
Account balances at the beginning of the year were: accounts receivable, $230,000; and inventory, $320,000. All sales were on account.
Assume that Castile Products, Inc., paid dividends of $3.95 per share during the year. Also assume that the company's 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.
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 to1 decimal place.)
5.Book value per share.(Round your answer to 2 decimal places.)
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