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The financial statements for Castile Products, Incorporated, are given below:castile Produce sheorporatelDecember 3 1 Current assets:wasnAccounts receivable, netmerchandise inventoryPrepaid expensesTotal current assetsProperty and equipment, netTotal

The financial statements for Castile Products, Incorporated, are given below:castile Produce sheorporatelDecember 31Current assets:wasnAccounts receivable, netmerchandise inventoryPrepaid expensesTotal current assetsProperty and equipment, netTotal assetsLiabilities and Stockholders' Equity labilities:Current LiabilitiesBonds payable, 9%Total liabilitiesStockholders' equity:Common stock, $5 per valueRetained earningsTotal stockholders' equityTotal liabilities and stockholders' equity$ 22,000260,000360,00011,000653,000820,000$ 1,473,000$ 300,000510.000610,000$ 120,000743,000803,000$ 1,473,000Castile Products, IncorporatedIncome StatementFor the Year Ended December 31SalesCost of goods sold$ 2,260,0001,200,000Gross marginSelling and administrative expenses1,060,000580,000Net operating incomeInterest expense100.00027,900Net income before taxes452,100Income taxes (30%)13.050Net income$ 316,470Account balances at the beginning of the year were: accounts receivable, $140,000; and inventory, $300,000. All sales were onaccount.Assume that Castile Products, Incorporated, paid dividends of $3.35 per share during the year. Also assume that the company's common stock had a market price of $60 at the end of the year and there was no change in the number of outstanding shares ofcommon stock during the vear.neatedCompute financial ratios as follows:1. Earnings per share.Note: Round your answer to 2 decimal places.2. Dividend payout ratio.Note: Round your intermediate calculations to 2 decimal places. Round your percentage final answer to 2 decimal places.3. Dividend yield ratio.Note: Round your percentage answer to 2 decimal places.4. Price-earnings ratio.Note: Round your intermediate calculations and final answer to 2 decimal places.5. Book value per share.Note: Round your answer to 2 decimal places.1. Earnings per share2. Dividend payout ratio3. Dividend yield ratio4. Price-earnings ratio5. Book value per share
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