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The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets: 20,000 180,000 340,000 12,000 552,000

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The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets: 20,000 180,000 340,000 12,000 552,000 870,000 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets Property and equipment, net $1,422,000 Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities 270,000 340,000 610,000 Bonds payable, 11% Total liabilities Stockholders' equity: Common stock, $10 per value Retained earnings 140,000 672,000 812,000 Total stockholders' equity Total liabilities and stockholders' equity $1,422,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $2,180,000 1,260,000 920,000 620,000 300,000 37,400 262,600 78,780 Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) 183,820 Net income Account balances at the beginning of the year were: accounts receivable, $190,000; and inventory, $350,000. All sales were on account. Assume that Castile Products, Inc., paid dividends of $3.35 per share during the year. Also assume that the company's common stock had a market price of $61 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 2 decimal places. (i.e., 0.1234 should be entered as 12.34).) 3. Dividend yield ratio. (Round your percentage answer to 2 decimal places. (i.e., 0.1234 should be entered as 12.34).) 4. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 5. Book value per share. (Round your answer to 2 decimal places.) 1. Earnings per share 2. Dividend payout ratio 3. Dividend yield ratio 4. Price-earnings ratio 5. Book value per share

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