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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 $ 22,000 Accounts receivable,

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

Castile Products, Incorporated Balance Sheet December 31
Assets
Current assets:
Cash $ 22,000
Accounts receivable, net 250,000
Merchandise inventory 390,000
Prepaid expenses 9,000
Total current assets 671,000
Property and equipment, net 880,000
Total assets $ 1,551,000
Liabilities and Stockholders' Equity
Liabilities:
Current liabilities $ 230,000
Bonds payable, 9% 300,000
Total liabilities 530,000
Stockholders' equity:
Common stock, $10 per value $ 100,000
Retained earnings 921,000
Total stockholders' equity 1,021,000
Total liabilities and stockholders' equity $ 1,551,000

Castile Products, Incorporated Income Statement For the Year Ended December 31
Sales $ 2,190,000
Cost of goods sold 1,250,000
Gross margin 940,000
Selling and administrative expenses 580,000
Net operating income 360,000
Interest expense 27,000
Net income before taxes 333,000
Income taxes (30%) 99,900
Net income $ 233,100

Account balances at the beginning of the year were: accounts receivable, $170,000; and inventory, $350,000. All sales were on account.

Assume that Castile Products, Incorporated paid dividends of $2.75 per share during the year. Also assume that the company's common stock had a market price of $68 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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