QUESTION $8$

Fancy Pants' year$-$end price on its common stock is $$5.$ The firm has a profit margin of $11$ percent, total assets of $$25$ million, a total asset turnover ratio of $0\mathrm{.}4,$ no preferred stock, and there are $5\mathrm{.}5$ million shares of common stock outstanding. What is the P$/$E ratio for Fancy Pants?

$3\mathrm{.}33$

$8\mathrm{.}33$

$10\mathrm{.}00$

$25$