Blossom Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income Calculate the price/earnings ratio (market price of $48 at year-end) for 2020 . (Round answer to 1 decimal place, e.g. 2.5.) Price/earnings ratio eTextbook and Media Attempts: 0 of 3 used (C) Calculate the dividend payout ratio (dividends of $1.25 per common share for the year) for 2020 . (Round answer to 1 decimal place, e.g. 2.5.) Dividend payout ratio %