Sheridan Medical Comparative Balance Sheet As of December 31 20202019 Assets Current assets Cash Accounts receivable, net Inventory Other current assets Total current assets Property, plant, \& equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities Long-term debt Total liabilities Preferred stock, \$5 par value Common stock, $0.25 par value Retained earnings \begin{tabular}{llll} Total stockholders' equity & 4,357,935 & 3,823,250 \\ \cline { 4 } \cline { 4 } Total liabilities and stockholders' equity & $11,227,535 & & $10,562,050 \\ \hline \hline \end{tabular} Sheridan Medical Comparative Income Statement and Statement of Retained Earnings For the Year Dividends paid Calculate the earnings per share (average of 418,000 shares outstanding for the year) for 2020 . (Round answer to 2 decimal places, e.g. 2.55.) Earning per share per share 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 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 %