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The financial statements for Castile Products, Inc., are given below Castile Products, Inc. Balance Sheet Assets Current assets: Cash 20,000 200,000 360,000 8,000 588,000 870,000

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The financial statements for Castile Products, Inc., are given below Castile Products, Inc. Balance Sheet Assets Current assets: Cash 20,000 200,000 360,000 8,000 588,000 870,000 Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets Property and equipment, net $1,458,000 Total assets Liabilities and Stockholders Equity Liabilities: 240,000 390,000 630,000 Current liabilities Bonds payable, 9% Total liabilities Stockholders' equity: Common stock, $10 per value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $1,458,000 200,000 628,000 828,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $2,260,000 1,220,000 Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes 1,040,000 560,000 480,000 444,900 133,470 Income taxes (30%) Net income $ 311,430 Account balances at the beginning of the year were: accounts receivable, $170,000; and inventory, $270.000. All sales were on account Assume that Castile Products, Inc., paid dividends of $3.05 per share during the year. Also assume that the company's common stock had a market price of $69 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 2. Dividend payout ratio 3. Dividend yield ratio 4. Price-earnings ratio 5. Book value per share

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