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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 5 2o,oaa Accounts receivable,
The financial statements for Castile Products, Incorporated. are given below: Castile Products, Incorporated Balance Sheet December 31 Assets Current assets: Cash 5 2o,oaa Accounts receivable, net 166,666 Merchandise inventory 366,666 Prepaid expenses 16,666 Total current assets 526,666 Property and equipment, net S?, Total assets $ 143993955 Liabilities and Stockholders' Equity Liabilities: Current liabilities S 236,666 Bonds payable, 6% 329,956 Total liabilities 556,666 Stoclccholclers'I equity: Common stock, $16 per value $ 166,666 Retained earnings 666,666 Total stockholders' equity 346,666 Total liabilities and stockholders' equity $ 1J3QQJEEE Castile Products, Incorporated Income Statement For the Year Ended December 31 Sales $3 2,21o,oaa Cost of goods sold 1,266,666 Gross margin 956,666 Selling and administrative expenses 636,666 Net operating income 326,666 Interest expense 25,666 Net income before taxes 294,466 Income taxes {36%} 66,326 Net income 5 266,666 Account balances at the beginning ofthe year were: accounts receivable $170,000; and inventory, $300,000. All sales were on account. Assume that Castile Products, Incorporated. paid dividends of $2.55 per share during the year. Also assume that the company's common stock had a market price of$54 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 Zdecimal places.) 5. Book value per share. {Round your answer to 2 decimal places} 1. Earnings pershare 2. Dividend payout ratio 3. Dividend yield ratio 4. Price-earnings ratio 5. Book value per share
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