Question: EXERCISE 13-4 Computing Selected Financial Ratios for Common Shareholders [LO2-CC2] Refer to the financial statements for Castile Products Inc. in Exercise 13-3. In addition

EXERCISE 13-4 Computing Selected Financial Ratios for Common Shareholders [LO2-CC2] Refer to the financial statements for Castile Products Inc. in Exercise 13-3. 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 shares had a market price of $42 each at the end of the year and there was no change in the number of outstanding common shares during the year. Required: Compute financial ratios as follows: 1. Earnings per share. 2. Dividend payout ratio. 3. Dividend yield ratio. 4. Price-earnings ratio.

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