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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,

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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, net 250,000 Merchandise inventory 340,000 Prepaid expenses 8,000 618,000 870,000 Total current assets Property and equipment, net Total assets $1,488,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 9% $ 220,000 340,000 560,000 $ 190,000 738,000 Total liabilities Stockholders' equity: Common stock, $10 par value Retained earnings Total stockholders' equity Total liabilities and equity 928,000 $1,488,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $2,240,000 Cost of goods sold 1,220,000 Gross margin 1,020,000 Selling and administrative expenses 580,000 Net operating income 440,000 Interest expense 30,600 Net income before taxes Income taxes (30%) 409,400 122,820 Net income $ 286,580 Account balances at the beginning of the year were: accounts receivable, $210,000, and inventory $300,000. All sales were on account. Assume that Castile Products, Inc., paid dividends of $2.65 per share during the year. Also assume that the company's common stock had a market price of $68 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 porcentage answer to 1 decimal place (1.o., 0.1234 should be considered as 12.3%).) Dividend payout ratio % 3. Dividend yield ratio. (Round your percentage answer to 1 decimal place (1.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-earings ratio 5. Book value per share. (Round your answer to 2 decimal places) Book value per share

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