Question: Please just answer the last three and not the first one The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance
Please just answer the last three and not the first one
The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets Cash s 19.000 Accounts receivable, net 210.000 Merchandise inventory 350.000 Prepaid expenses 10,000 Total current assets Property and equipment, net 589,000 890.000 Total assets $1,479.000 Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 11% $ 210.000 330.000 540,000 Total liabilities Stockholders' equity: Common stock. $10 par value Retained earnings Total stockholders' equity $ 130.000 809,000 939.000 Total liabilities and stockholders equity $1,470.000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $2.230,000 Cost of goods sold 1.200.000 1,030,000 820.000 Gross margin Selling and administrative expenses Net operating income Interest expense 410.000 36,300 Net income before taxes Income taxes (30%) 373.700 112, 110 Net income $ 281.590 Account balances at the beginning of the year were: accounts receivable $150,000: and inventory, $290,000. All sales were on account. Assets at the beginning of the year totaled $1.040,000, and the stockholders' equity totaled $685,000. 1. Earnings per share. (Round your answer to 2 decimal places.) Earnings per share 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%).) Dividend payout ratio % 3. Dividend yield ratio. (Round your percentage answer to 1 decimal place (ie., 0.1234 should be considered as 12.3%).) Dividend yield ratio 9% The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets Cash s 19.000 Accounts receivable, net 210.000 Merchandise inventory 350.000 Prepaid expenses 10,000 Total current assets Property and equipment, net 589,000 890.000 Total assets $1,479.000 Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 11% $ 210.000 330.000 540,000 Total liabilities Stockholders' equity: Common stock. $10 par value Retained earnings Total stockholders' equity $ 130.000 809,000 939.000 Total liabilities and stockholders equity $1,470.000 Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $2.230,000 Cost of goods sold 1.200.000 1,030,000 820.000 Gross margin Selling and administrative expenses Net operating income Interest expense 410.000 36,300 Net income before taxes Income taxes (30%) 373.700 112, 110 Net income $ 281.590 Account balances at the beginning of the year were: accounts receivable $150,000: and inventory, $290,000. All sales were on account. Assets at the beginning of the year totaled $1.040,000, and the stockholders' equity totaled $685,000. 1. Earnings per share. (Round your answer to 2 decimal places.) Earnings per share 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%).) Dividend payout ratio % 3. Dividend yield ratio. (Round your percentage answer to 1 decimal place (ie., 0.1234 should be considered as 12.3%).) Dividend yield ratio 9%
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