Account balances at the beginning of the year were: accounts receivable, $150,000; and inventory, $260,000. all sales were on account. assume that castile products, inc., paid dividends of $2.65 per share during the year. also assume that the company’s common stock had a market price of $66 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%

Awidower devised his fee simple interest in his residence as follows: “to my daughter for life, then to my oldest grandchild who survives her.” at the time of the widower’s death, he was survived by his only two children, a son and a daughter, and by one grandchild, his daughter’s son. a short time later, the daughter together with her son entered into a contract to sell the residence in fee simple to a buyer. the applicable jurisdiction continues to follow the common law rule against perpetuities, but has abrogated the rule in shelley’s case. at the closing, the buyer refused to purchase the residence. can the sellers compel the buyer to do so?

You meet that special person and get married. amazingly your spouse has exactly the same income you do 47,810. if your tax status is now married filing jointly what is your tax liability

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.