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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 recelvable.net Merchandise
The financial statements for Castile Products, Inc. are given below: Castile Products, Inc. Balance Sheet December 31 Assets $ Current assets: Cash Accounts recelvable.net Merchandise inventory Prepaid expenses 22,000 170.000 360.000 9.000 Total current assets Property and equipment, net 561,000 900.000 Total assets $1.461.000 Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 11% $ 260.000 390,000 650,000 Total liabilities Stockholders' equity Common stock $10 par value Retained earnings $ 180,000 631,000 811,000 Total stockholders' equity Total liabilities and equity $1,461,000 Castile Products Inc Income Statement For the Year Ended December 31 Sales $2,250,000 Cost of goods sold 1,200,000 Gross margin Selling and administrative expenses 1.050.000 580,000 Net operating income Interest expense 470,000 42.900 Net income before taxes Income taxes (30%) 427,100 128,130 Net income $ 298,970 Account balances at the beginning of the year were: accounts receivable, $180,000, and inventory $300,000 All sales were on account Assume that Castile Products Inc. paid dividends of $2.85 per share during the year. Also assume that the company's common stock had a market price of $65 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 (ie., 0.1234 should be considered as 12.3%).) Dividend payout ratio 3. Dividend yield ratio (Round your percentage answer to 1 decimal place (ie., 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 por share (Round your answer to 2 decimal places.) Book value per share
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