26. The following amounts were taken from the financial statements of Leaf Company: 2020 2019 Total assets $800,000 $1,000,000 Net sales 720,000 650,000 Gross profit 352,000 320,000 Net income 150,000 117,000 Weighted average number of common shares outstanding 50,000 90,000 Market price of common stock $64.50 $39 The price-earnings ratio for 2020 is a. 21.5 times. b. 36 times. 4.5 times. d. 3.0 times. C. 27. Quasar Corporation had net income of $300,000 and paid dividends to common stockholders of $40,000 in 2020. The weighted average number of shares outstanding in 2020 was 60.000 shares. Quasar Corporation's common stock is selling for $35 per share on the New York Stock Exchange. Quasar Corporation's price-earnings ratio for 2020 is a. b. C. d. 5.7 times. 7 times. 14 times. 8.1 times. 28. Quasar Corporation had net income of $210,000 and paid dividends to common stockholders of $63,000 in 2020. The weighted average number of shares outstanding in 2020 was 50,000 shares. Quasar Corporation's common stock is selling for $30 per share on the New York Stock Exchange. Quasar Corporation's payout ratio for 2020 is 24% b. 30%. 26%. d. $3.33 per share. a. c