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The financial statements for Castile Products, Incorporated, are given below: Castile Products, Incorporated Balance Sheet December 3 1 Assets Current assets: Cash $ 1 9
The financial statements for Castile Products, Incorporated, are given below:
Castile Products, Incorporated
Balance Sheet
December
Assets
Current assets:
Cash $
Accounts receivable, net
Merchandise inventory
Prepaid expenses
Total current assets
Property and equipment, net
Total assets $
Liabilities and Stockholders' Equity
Liabilities:
Current liabilities $
Bonds payable,
Total liabilities
Stockholders equity:
Common stock, $ per value $
Retained earnings
Total stockholders equity
Total liabilities and stockholders equity $
Castile Products, Incorporated
Income Statement
For the Year Ended December
Sales $
Cost of goods sold
Gross margin
Selling and administrative expenses
Net operating income
Interest expense
Net income before taxes
Income taxes
Net income $
Account balances at the beginning of the year were: accounts receivable, $; and inventory, $ All sales were on account.
Assume that Castile Products, Incorporated paid dividends of $ per share during the year. Also assume that the companys common stock had a market price of $ 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 decimal places.
Dividend payout ratio. Round your intermediate calculations to decimal places. Round your percentage final answer to decimal places.
Dividend yield ratio. Round your percentage answer to decimal places.
Priceearnings ratio. Round your intermediate calculations and final answer to decimal places.
Book value per share. Round your answer to decimal places.
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