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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 $ 19,000 Accounts receivable,

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 230,000
Merchandise inventory 330,000
Prepaid expenses 11,000
Total current assets 590,000
Property and equipment, net 840,000
Total assets $ 1,430,000
Liabilities and Stockholders' Equity
Liabilities:
Current liabilities $ 240,000
Bonds payable, 9% 310,000
Total liabilities 550,000
Stockholders equity:
Common stock, $5 per value $ 170,000
Retained earnings 710,000
Total stockholders equity 880,000
Total liabilities and stockholders equity $ 1,430,000

Castile Products, Incorporated Income Statement For the Year Ended December 31
Sales $ 2,180,000
Cost of goods sold 1,220,000
Gross margin 960,000
Selling and administrative expenses 600,000
Net operating income 360,000
Interest expense 27,900
Net income before taxes 332,100
Income taxes (30%) 99,630
Net income $ 232,470

Account balances at the beginning of the year were: accounts receivable, $230,000; and inventory, $300,000. All sales were on account.

Assume that Castile Products, Incorporated paid dividends of $2.45 per share during the year. Also assume that the companys common stock had a market price of $56 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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