Sunland Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow. Liabilities and Stockholders' Equity \begin{tabular}{lrrr} Current liabilities & $3,209,000 & & $2,846,050 \\ Long-term debt & 3,702,600 & & 3,892,700 \\ \cline { 4 - 4 } Total liabilities & 6,911,600 & & 6,738,750 \\ \hline Preferred stock, $5 par value & 58,950 & 59,000 \\ Common stock, $0.25 par value & 104,650 & & 103,850 \\ Retained earnings & 4,194,155 & & 3,660,310 \\ \hline Total stockholders' equity & & & 3,823,160 \\ \hline Total liabilities and stockholders' equity & $11,269,355 & & $10,561,910 \\ \hline \end{tabular} (a) Your answer is incorrect. Calculate the earnings per share (average of 425,000 shares outstanding for the year) for 2020. (Round answer to 2 decimal places, e.g. 2.55.) Earning per share $ per share (b) 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 (c) 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 %