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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 $23,000 Accounts receivable, net

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

Castile Products, Inc. Balance Sheet December 31

Assets Current assets:

Cash $23,000

Accounts receivable, net 190,000

Merchandise inventory 320,000

Prepaid expenses 10,000

Total current assets 543,000

Property and equipment, net 870,000

Total assets $1,413,000

Liabilities and Stockholders' Equity

Liabilities:

Current liabilities $210,000

Bonds payable, 12% 360,000

Total liabilities 570,000

Stockholders equity:

Common stock, $10 par value $180,000

Retained earnings 663,000

Total stockholders equity 843,000

Total liabilities and equity $1,413,000

Castile Products, Inc. Income Statement For the Year Ended December 31
Sales $ 2,270,000
Cost of goods sold 1,190,000
Gross margin 1,080,000
Selling and administrative expenses 620,000
Net operating income 460,000
Interest expense 43,200
Net income before taxes 416,800
Income taxes (30%) 125,040
Net income $ 291,760

Account balances at the beginning of the year were: accounts receivable, $160,000; and inventory, $320,000. All sales were on account.

Assume that Castile Products, Inc., paid dividends of $2.85 per share during the year. Also assume that the companys common stock had a market price of $57 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:

Earnings per share. (Round your answer to 2 decimal places.)

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%).)

Dividend yield ratio. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be considered as 12.3%).)

Price-earnings ratio. (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.)

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

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