X AutoSave Off Acct HW W8 - 14 v Search (Alt+Q) Suzette Hogge SH X File Home Insert Draw Page Layout Formulas Data Review View Help Acrobat Comments Share ~ Times New Roman ~ 12 ~ A" A =E= ap Wrap Text General Ex AY O Paste BIUVHAV EE Merge & Center $ % 9 Conditional Format as Cell Insert Delete Format Sort & Find & Analyze Sensitivity 100 0 Formatting > Table Styles v Filter > Select v Data Undo Clipboard Font Alignment Number Styles Cells Editing Analysis Sensitivity H568 VIX fx B C G H K L M N 0 P Q R S T U V W X Y 2 AA AB AC AD AE AF AG AH Al 534 535 5 The financial statements for Castile Products, Incorporated, are given below: 536 537 Castile Products, Incorporated Castile Products, Incorporated 538 Balance Sheet Income Statement 539 31-Dec For the Year Ended December 31 540 Assets Sales $2,250,000 541 Current assets: Cost of goods sold $1,230,000 542 Cash $23,000 Gross margin $1,020,000 543 Accounts receivable, net $200,000 Selling and administrative expenses $580,000 544 Merchandise inventory $390,000 Net operating income $440,000 545 Prepaid expenses $11,000 Interest expense $32,000 546 Total current assets $624,000 Net income before taxes $408,000 547 Property and equipment, net $910,000 Income taxes (30%) $122,400 548 Total assets $1,534,000 Net income $285,600 549 Liabilities and Stockholders' Equity 550 Liabilities: 551 Current liabilities $290,000 552 Bonds payable, 10% $320,000 553 Total liabilities $610,000 Account balances at the beginning of the year were: accounts receivable, $220,000; 554 Stockholders' equity: and inventory, $310,000. All sales were on account. 555 Common stock, $5 per value $190,000 556 Retained earnings $734,000 Assume that Castile Products, Incorporated paid dividends of $3.35 per share during the year. Also assume that 557 Total stockholders equity $924,000 the company's common stock had a market price of $56 at the end of the year and there was no change in 558 Total liabilities and stockholders equity $1,534,000 the number of outstanding shares of common stock during the year. 559 560 1. Earnings per share. (Round your answer to 2 decimal places.) 561 562 Net Income 563 Earnings Per Share = Average Number of Common Share Outstanding 564 565 Net income $285,600 566 Common stock, $5 per value $190,000 567 38,000 568 ... 9-3 Chapter 9 AP Variance Templates 12-1 12-2 12-3 Ch AP and Quiz Table 14-1 14-2 + Ready Box Accessibility: Investigate . + 60% 45.F 7:11 PM Search ENG 1 Partly cloudy 12/1/2022