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The financial statements for Castile Products, Incorporated, are given below: Castile Products, Incorporated Balance Sheet December 31 Assets Current assets: Cash $ 18,000 Accounts receivable,

The financial statements for Castile Products, Incorporated, are given below:

Castile Products, Incorporated Balance Sheet December 31
Assets
Current assets:
Cash $ 18,000
Accounts receivable, net 230,000
Merchandise inventory 370,000
Prepaid expenses 7,000
Total current assets 625,000
Property and equipment, net 840,000
Total assets $ 1,465,000
Liabilities and Stockholders' Equity
Liabilities:
Current liabilities $ 220,000
Bonds payable, 9% 370,000
Total liabilities 590,000
Stockholders equity:
Common stock, $10 per value $ 160,000
Retained earnings 715,000
Total stockholders equity 875,000
Total liabilities and stockholders equity $ 1,465,000

Castile Products, Incorporated Income Statement For the Year Ended December 31
Sales $ 2,240,000
Cost of goods sold 1,250,000
Gross margin 990,000
Selling and administrative expenses 590,000
Net operating income 400,000
Interest expense 33,300
Net income before taxes 366,700
Income taxes (30%) 110,010
Net income $ 256,690

Account balances at the beginning of the year were: accounts receivable, $200,000; and inventory, $280,000. All sales were on account.

Assume that Castile Products, Incorporated paid dividends of $3.05 per share during the year. Also assume that the companys common stock had a market price of $53 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.)

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