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The financial statements for Castile Products, Incorporated, are given below Castile Products, Incorporated Balance Sheet December 1 Assets Current assets! Cash Accounts receivable, net
The financial statements for Castile Products, Incorporated, are given below Castile Products, Incorporated Balance Sheet December 1 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, 11% Total liabilities Stockholders' equity s Common stock, $5 per value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Sales Castile Products, Incorporated Incove Statevent For the Year Ended Decesber 31 Cost of goods sold $ 18,000 230,000 350,000 9,000 607,000 880,000 $1,487,000 $ 300,000 390,000 690,000 $ 120,066 677,000 797,000 $1,487,000 $ 2,190,000 1,170,000 1,020,000 620,000 400,000 Gross margin Selling and administrative expenses Net operating incone Interest expense Net income before taxes Income taxes (30%) Net income 42,900 357,100 107,130 $249,970 Account balances at the beginning of the year were accounts receivable, $220,000, and inventory, $290.000. All sales were on account Ask Print References Assume that Castile Products, Incorporated paid dividends of $2.85 per share during the year. Also assume that the company's common stock had a market price of $68 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 3. Price-earnings ratio 4 Book value per share %
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