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The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash S 23.000 Accounts receivable,

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The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash S 23.000 Accounts receivable, net 220,000 Merchandise inventory 300,000 Prepaid expenses 6,000 Total current assets Property and equipment, net 549.000 870,000 Total assets $1,419,000 $ 260,000 320,000 580,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 12% Total liabilities Stockholders' equity Common stock, $5 par value Retained earnings Total stockholders' equity Total liabilities and equity $ 130,000 709,000 839,000 $1,419,000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $2,130,000 Cost of goods sold 1,210,000 Gross margin 920,000 Selling and administrative expenses 590,000 Net operating income 330,000 Interest expense 38,400 291,600 87,480 Net income before taxes Income taxes (30%) Net income $ 204,120 Account balances at the beginning of the year were: accounts receivable, $210,000; and inventory, $280,000. All sales were on account. Assume that Castile Products, Inc., paid dividends of S2.55 per share during the year. Also assume that the company's common stock had a 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 ratios as follows: 1. Earnings per share. (Round your answer to 2 decimal places.) Earnings per share 2. Dividend payout ratio. (Round your intermediate calculations to 2 decimal places. Round your final percentage answer to 1 decimal place (i.e., 0.1234 should be considered as 12.3%).) Dividend payout ratio % 3. Dividend yield ratio. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be considered as 12.3%).) Dividend yield ratio % 4. Price-earnings ratio. (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.) Price-earnings ratio 5. Book value per share. (Round your answer to 2 decimal places.) Book value per share

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