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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,

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 170,000
Merchandise inventory 300,000
Prepaid expenses 9,000
Total current assets 499,000
Property and equipment, net 900,000
Total assets $ 1,399,000
Liabilities and Stockholders' Equity
Liabilities:
Current liabilities $ 220,000
Bonds payable, 12% 310,000
Total liabilities 530,000
Stockholders equity:
Common stock, $5 par value $ 130,000
Retained earnings 739,000
Total stockholders equity 869,000
Total liabilities and stockholders equity $ 1,399,000

Castile Products, Inc. Income Statement For the Year Ended December 31
Sales $ 2,150,000
Cost of goods sold 1,180,000
Gross margin 970,000
Selling and administrative expenses 620,000
Net operating income 350,000
Interest expense 37,200
Net income before taxes 312,800
Income taxes (30%) 93,840
Net income $ 218,960

Account balances at the beginning of the year were: accounts receivable, $190,000; and inventory, $260,000. All sales were on account.

Assume that Castile Products, Inc., paid dividends of $3.85 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:

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.)

3. Dividend yield ratio. (Round your percentage answer to 2 decimal places.)

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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