Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Crane Medical Comparative Balance Sheet As of December 31 2020 2019 Assets Current assets Cash $377,000 $417,400 776,450 Accounts receivable.net 1,048,000 Inventory 729,000 681.100 Other current assets 361,300 247,100 Total current assets 2,535,300 2.122,050 Property, plant, & equipment.net 8,706,535 2,440,045 Total assets $11,241,825 $10,562,095 Liabilities and Stockholders' Equity Current liabilities $3,181,000 $2.946,100 3.992,650 Long-term debt 3,702,700 Total abilities 6,882,700 6,738,750 59,000 59,000 Preferred stock, $5 par value Common stock: 90.25 par valus Retained earnings 104,650 103.900 4194,495 3,660,445 Total stockholders' equity 4359,135 3.923,345 Total abilities and stockholders' equity $11.241.835 $10.562,095 Crane Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 Sales revenue (all on account) $10,177,200 $9,612,900 Cost of goods sold 5,612,450 5,298,750 Gross profit 4564,750 4,315,150 Operating expenses 2.940,250 2,634.150 Net operating income 1,724,500 1,691,000 Interest expense 300,300 300.650 Net income before taxes 1.424200 1,372,350 Income taxas (309 427,260 411705 Net income $996,940 $960,645 Dividends paid Preferred dividends 29,500 29.500 Common dividends 433,400 413,050 Total dividends paid 462,900 442.550 Net income retained 534,040 518,095 Retained earnings, beginning of year 3,660,445 3,142,350 Retained earnings, and of year $4.194,485 $2,660,445 a) Calculate the sarnings per share (average of 418,000 shares outstanding for the year) for 2020. Round answer to 2 decimal places, es 255) Earning per share S per share e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b) Calculate the price caming ratio (market price of $49 at year-endi for 2020. (Round answer to 1 decimal place, es 25.) Price learnings ratio e Textbook and Media Save for Laser Attempts: 0 of 3 used Submit Answer Calculate the dividend payout ratio dividends of $1.25 per common share for the year) for 2020. (Round answer to 1 decimal place, eg. 2.50) Dividend payout ratio e Textbook and Media Save for Later Attempts: 0 of 3 used Submit