Use the following to answer questions 52-53: Panza Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000 in 2016. The weighted average number of shares outstanding in 2016 was 50,000 shares. Panza Corporation's common stock is selling for $40 per share on the New York Stock Exchange. Pg. 15 Printed at Camden County College 52. Panza Corporation's price-earnings ratio is A) 2 times B) 8 times C) 10 times D) 5 times 53. Panza Corporation's payout ratio for 2016 is A) $5 per share B) 25% C) 20% D) 12.5%