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The financial statements for Costile Products, Incorporated, are given below. Account balances at the beginning of the year were: sccounts receivsble, $170,000; and inventory, $290,000.
The financial statements for Costile Products, Incorporated, are given below. Account balances at the beginning of the year were: sccounts receivsble, $170,000; and inventory, $290,000. All sales were on occount. Assume that Castile Products, Incorporated paid dividends of $2.85 per share during the year. Also assume that the compsny's common stock had a market price of $56 at the end of the year and there wos no change in the number of outstanding shares of common stock during the yesr. Required: Compute finencial ratios as follows: 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Dividend poyout ratio. (Round your Intermediate calculations to 2 decimal places. Round your percentage final answer to 2 decimal places.) 3. Dividend yield retio. (Round your percentage answer to 2 decimal places.) 4. Price-eornings ratio. (Round your Intermediate calculations and final answer to 2 decimal places.) 5. Book volue per share. (Round your answer to 2 decimal places.)
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