Business
Business, 17.12.2019 03:31, ykluhredd

The financial statements for castile products, inc., are given below: castile products, inc. balance sheetdecember 31 assets current assets: cash $ 20,000 accounts receivable, net 230,000 merchandise inventory 350,000 prepaid expenses 7,000 total current assets 607,000 property and equipment, net 890,000 total assets $ 1,497,000 liabilities and stockholders' equity liabilities: current liabilities $ 210,000 bonds payable, 9% 330,000 total liabilities 540,000 stockholders’ equity: common stock, $10 par value $ 110,000 retained earnings 847,000 total stockholders’ equity 957,000 total liabilities and equity $ 1,497,000 castile products, inc. income statementfor the year ended december 31 sales $ 2,120,000 cost of goods sold 1,200,000 gross margin 920,000 selling and administrative expenses 650,000 net operating income 270,000 interest expense 29,700 net income before taxes 240,300 income taxes (30%) 72,090 net income $ 168,210 account balances at the beginning of the year were: accounts receivable, $190,000; and inventory, $290,000. all sales were on account. assume that castile products, inc., paid dividends of $2.95 per share during the year. also assume that the company’s common stock had a market price of $72 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.) 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% 3. dividend yield ratio. (round your percentage answer to 1 decimal place (i. e., 0.1234 should be considered as 12.3% 4. price-earnings ratio. (round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.) 5. book value per share. (round your answer to 2 decimal places.)

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The financial statements for castile products, inc., are given below: castile products, inc. balance...

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