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The financial statements for Costile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash $ Accounts receivable, net
The financial statements for Costile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash $ Accounts receivable, net 170, Merchandise inventory 360,80 Prepaid expenses 12, Total current assets Sh. Property and equipment, net 8.de Total assets $1,443,80 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 270,000 Bonds payable, 12% 380,80 Total liabilities 658,888 Stockholders' equity: Comon stock, $ia per value $ 190,80 Retained earnings 63, Total stockholders' equity 793, Total liabilities and stockholders equity $1,443,80 $2,280,00 1,238,80 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales Cost of goods sold Gross margin Selling and adsinistrative expenses Not operating income Interest expense Net Income before tanes Income taxes (380) Not Income 650, 320,00 45.ee 82,328 Account balances at the beginning of the year were accounts receivable, $150,000, and Inventory, $300,000. All sales were on account Assume that Castle Products, Inc., peld dividends of $255 pershare during the year. Also Sesume that the company's common stock hads market price of $65 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 ratlos 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. Ole., 0.1234 should be entered as 12.34).) 3. Dividend yield ratio. (Round your percentage answer to 2 decimal places. (l.e., 0.1234 should be entered as 12.34).) 4. Price-earings rstio (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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