Calculate the dividend payout ratio (dividends of $1.25 per common share for the year) for 2020 . (Round answer to 1 decimal place, eg. 2.5.) Dividend payout ratio % Calculate the price/earnings ratio (market price of $48 at year-end) for 2020. (Round answer to 1 decimal place, eg. 2.5.) Price/earnings ratio Sandhill Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income atranmant fone on1 10 and mon follese