Question: Refer to the financial statements for Castile Products, inc., in Exercise 16-7. In addition to the data in these statements, assume that Castile Products, Inc.,

Refer to the financial statements for Castile Products, inc., in Exercise 16-7. In addition to the data in these statements, assume that Castile Products, Inc., paid dividends of $2.10 per share during the year. Also assume that the company’s common stock had a market price of $42 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:

Earnings per share.
Dividend payout ratio.
Dividend yield ratio.
Price-earnings ratio.

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