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The financial statements for Castile Products, Incorporated, are given below. Castile Products, Incorporated Assets Current assets: Cash Balance Sheet December 31 $ 23,000 Accounts

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The financial statements for Castile Products, Incorporated, are given below. Castile Products, Incorporated Assets Current assets: Cash Balance Sheet December 31 $ 23,000 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, 9% Total liabilities Stockholders' equity: Common stock, $5 per value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Sales Castile Products, Incorporated Income Statement For the Year Ended December 31 Cost of goods sold 240,000 400,000 10,000 673,000 820,000 $ 1,493,000 $ 260,000 330,000 590,000 $170,000 733,000 903,000 $ 1,493,000 $ 2,210,000 1,230,000 980,000 Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (38%) Net income 570,000 410,000 29,700 380,300 114,090 $ 266,210 Account balances at the beginning of the year were: accounts receivable, $190,000; and inventory, $310,000. All sales were on account. Assume that Castile Products, Incorporated paid dividends of $3.75 per share during the year. Also assume that the company's common stock had a market price of $59 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-eamings ratio 4. Book value per share %

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