Account balances at the beginning of the year were: accounts receivable, $150,000; and inventory, $260,000. All sales were on ac

Question

3 years ago

5

Account balances at the beginning of the year were: accounts receivable, $150,000; and inventory, $260,000. All sales were on ac

count. Assume that Castile Products, Inc., paid dividends of $3.75 per share during the year. Also assume that the company’s common stock had a market price of $73 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 percentage final answer to 2 decimal places.) 3. Dividend yield ratio. (Round your percentage answer to 2 decimal places.) 4. Price-earnings ratio. (Round your intermediate calculations and final answer to 2 decimal places.) 5. Book value per share. (Round your answer to 2 decimal places.)

Business

1 answer:

den301095 [7] · Answer 1 · 2022-03-07T04:54:57+03:00

den301095 [7]3 years ago

7 0

Answer: That class ain't for you vro.

Explanation: