The financial statements for Castile Products, Inc.

Castile Products, Inc.

Balance Sheet

December 31

Assets

Current assets:

Cash $19,000

Accounts receivable, net 230,000

Merchandise inventory 340,000

Prepaid expenses 7,000

Total current assets 596,000

Property and equipment, net 900,000

Total assets $1,496,000

Liabilities and Stockholders' Equity

Liabilities:

Current liabilities $270,000

Bonds payable, 10% 300,000

Total liabilities 570,000

Stockholders' equity:

Common stock, $10 par value $100,000

Retained earnings 826,000

Total stockholders' equity 926,000

Total liabilities and equity $1,496,000

Castile Products, Inc.

Income Statement

For the Year Ended December 31

Sales $2,270,000

Cost of goods sold 1,160,000

Gross margin 1,110,000

Selling and administrative expenses 640,000

Net operating income 470,000

Interest expense 30,000

Net income before taxes 440,000

Income taxes (30%) 132,000

Net income $308,000

Account balances at the beginning of the year were: accounts receivable, $170,000; and inventory, $350,000. All sales were on account.Assume that Castile Products, Inc., paid dividends of $2.25 per share during the year. Also assume that the company's common stock had a market price of $55 at the end of the year and there was no change in the number of outstanding shares of common stock during the year.

Earnings per share is 30.80, dividend payout ratio is 7.3%, dividend yield ratio is 4.1. I want to determine the price-earnings ratio,and the book value per share. Thank you