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The financial statements for Castile Products, Incorporated, are given below. Castile Products, Incorporated Balance Sheet Assets December 31 Current assets: Cash Accounts receivable, net Merchandise

image text in transcribed The financial statements for Castile Products, Incorporated, are given below. Castile Products, Incorporated Balance Sheet Assets December 31 Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets a Property and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 11% 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 Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income $ 24,000 190,000 380,000 11,000 605,000 850,000 $1,455,000 $ 250,000 310,000 560,000 $140,000 755,000 895,000 $ 1,455,000 $ 2,190,000 1,210,000 980,000 500,000 380,000 34,100 345,900 103,770 $242,130 Account balances at the beginning of the year were: accounts receivable, $160,000; and inventory, $310,000. All sales were on account. Assume that Castile Products, Incorporated paid dividends of $2.65 per share during the year Also assume that the company's common stock had a market price of $66 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 rati 4 Book value per share % N

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