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The financial statements for Castile Products inc-are as follows: Total liabilities and shareholders' equity Account balances at the beginning of the year were as follows
The financial statements for Castile Products inc-are as follows: Total liabilities and shareholders' equity Account balances at the beginning of the year were as follows accounts receivable, $25,000; inventory, $60,000. All sales were on account. Assume that Castile Products Inc. paid dividends of $210 per share during the year. Also assume that the company's common shares. had a market price of $42 each at the end of the year and there was no change in the number of outstanding common shares during the year. Required: 2. Dividend payout ratio. (Round your intermediate calculations to 2 decimol places. Round your percentage onswer to noarest whole number.) 3. Dividend yleld ratio. (Round your percentoge answer to nearest whole numbeci) 4. Price-earnings ratio. (Round your intermedlate calculations to 2 decimal ploces. Round your answer to nearest whole number)
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