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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 $ 1 9

The financial statements for Castile Products, Incorporated, are given below:
Castile Products, Incorporated
Balance Sheet
December 31
Assets
Current assets:
Cash $ 19,000
Accounts receivable, net 250,000
Merchandise inventory 390,000
Prepaid expenses 11,000
Total current assets 670,000
Property and equipment, net 890,000
Total assets $ 1,560,000
Liabilities and Stockholders' Equity
Liabilities:
Current liabilities $ 290,000
Bonds payable, 12%390,000
Total liabilities 680,000
Stockholders equity:
Common stock, $10 per value $ 130,000
Retained earnings 750,000
Total stockholders equity 880,000
Total liabilities and stockholders equity $ 1,560,000
Castile Products, Incorporated
Income Statement
For the Year Ended December 31
Sales $ 2,220,000
Cost of goods sold 1,190,000
Gross margin 1,030,000
Selling and administrative expenses 610,000
Net operating income 420,000
Interest expense 46,800
Net income before taxes 373,200
Income taxes (30%)111,960
Net income $ 261,240
Account balances at the beginning of the year were: accounts receivable, $170,000; and inventory, $340,000. All sales were on account.
Assume that Castile Products, Incorporated, paid dividends of $3.55 per share during the year. Also assume that the companys common stock had a market price of $55 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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