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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 Accounts receivable, net Merchandise
The financial statements for Castile Products, Incorporated, are given below: Castile Products, Incorporated Balance Sheet December 31 Assets Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets Property and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 12% Total liabilities Stockholders' equity: Connon stock, $5 per value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 18,00 170,000 360,880 10.000 558,000 840.000 $ 1,398,000 $ 290,00 390,000 688,888 $ 190,000 528,880 718,000 $ 1,398,888 Castile Products, Incorporated Income Statement For the Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income $ 2,200,eee 1,160, eee 1.640.000 628,eee 429,800 46,880 373,200 111,960 $ 261,240 Account balances at the beginning of the year were: accounts recelvable. $240.000; and Inven $330,000. All sales were on account. Assume that Castile Products, Incorporated pald dividends of $265 per share during the year. Also assume that the company's common stock had a market price of $73 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 ratio 4. Book value per share
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