Exercise 12-11 Sunland Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 201S and 2016 follow. Calculate the earnings per share (average of 438,000 shares outstanding for the year) for 2016. (Round answer to 2 decimal places, e.g 2.55.) Calculate the price/earnings ratio (market price of $45 at year-end) for 2016. (Round answer to 2 decimal places, e.g. 2.55 Calculate the dividend payout ratio (dvidends of $1.04 per common share for the year) for 2016. (Round answer to 2 decimal places, e.g. 2.55%.)