Carla Vista Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Carla Vista Medical Comparative Balance Sheet As of December 31 2020 2019 Assets Current assets Cash S417,400 $395,000 1,054,000 Accounts receivable, nat 776,500 Inventory 729,000 681.100 Other current assets 361,300 247.100 Tatal current assets 2.558,300 2.122.100 Property, plant, & equipment, net 8,662,070 8,439,780 Total assets $11.220,370 $10,561,880 Liabilities and Stockholders' Equity $3,160,000 $2,946,000 Current liabilities Long-term debt 3,702,600 3,992,700 Total liabilities 6.862,600 6,738,700 Preferred stock, S5 par value 59,000 58.900 Common stock. S0.25 par value 104,650 103.650 Retained earnings 4194.120 3,660,430 Total stockholders' equity 4357.770 3.923, 160 Total liabilities and stockholders' equity $11.220,370 $10,561,880 Carla Vista Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 $10,177,300 9,612,900 Sales revenus (all on account) Cost of goods sold Gross profit 5,613,000 5,298,700 4,564,300 4,315,200 Operating expenses 2.940,200 2,634.200 Net operating income 1,724,100 1,69 1.000 Interest expense 300,400 302.600 Net income before taxes 1,423,700 1,372,400 Income taxes (3099) 427,110 411,720 Nat income $996,590 $960.600 Dividends paid Preferred dividends 29,550 29,550 Common dividends 433,350 412.000 Total dividends paid 462,900 442.550 Net income retained 533,690 512,130 Retained earnings, beginning of year 3,660,430 3.142.300 Retained earnings, and of year $4,194 120 S3,660,430 Calculate the earning pershare (average of 422.000 shares outstanding for the year) for 2020. (Round answer to 2 decimal places, eg. 2.55) Earning per share $ per share (b) Calculate the price/caming ratio (market price of $4 at year and for 2020. Round answer to 1 decimal place, eg 25.) Price sarnings radio e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (c) a year) for 2020 und answe ecimal place Calculate the dividend payout ratio dividends of $1.25 per common share for eg. 25) Dividend payout ratio 96 e Textbook and Media Save for Later Attempts: 0 of 2 used Submit