8. Market Value Ratios Lab R Doors, year-end price on its common stock is $59. The firm has a profit margin of 11.9%, total assets of $34 million, a total asset turnover ratio of 2.40, no preferred stock, and there are 4.4 million shares of common stock outstanding. What is the PE ratio for Lab R Doors? (Do not round intermediate steps.) O 26.734 O 0.314 11.328 O 0.754