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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 $ 2 3

The financial statements for Castile Products, Incorporated, are given below:
Castile Products, Incorporated
Balance Sheet
December 31
Assets
Current assets:
Cash $ 23,000
Accounts receivable, net 240,000
Merchandise inventory 350,000
Prepaid expenses 10,000
Total current assets 623,000
Property and equipment, net 900,000
Total assets $ 1,523,000
Liabilities and Stockholders' Equity
Liabilities:
Current liabilities $ 280,000
Bonds payable, 11%340,000
Total liabilities 620,000
Stockholders equity:
Common stock, $10 per value $ 190,000
Retained earnings 713,000
Total stockholders equity 903,000
Total liabilities and stockholders equity $ 1,523,000
Castile Products, Incorporated
Income Statement
For the Year Ended December 31
Sales $ 2,250,000
Cost of goods sold 1,190,000
Gross margin 1,060,000
Selling and administrative expenses 660,000
Net operating income 400,000
Interest expense 37,400
Net income before taxes 362,600
Income taxes (30%)108,780
Net income $ 253,820
Account balances at the beginning of the year were: accounts receivable, $220,000; and inventory, $310,000. All sales were on account.
Assume that Castile Products, Incorporated, paid dividends of $2.25 per share during the year. Also assume that the companys common stock had a market price of $62 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.
Note: Round your answer to 2 decimal places.
Dividend payout ratio.
Note: Round your intermediate calculations to 2 decimal places. Round your percentage final answer to 2 decimal places.
Dividend yield ratio.
Note: Round your percentage answer to 2 decimal places.
Price-earnings ratio.
Note: Round your intermediate calculations and final answer to 2 decimal places.
Book value per share.
Note: Round your answer to 2 decimal places.

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