Use this scenario for Questions $3-5$: Total assets of a firm are $$2,000,000,$ and the total liabilities are $$1,000,000.1,000,000$ shares of common stock have been issued and $500,000$ shares are outstanding. The market price of the stock is $$20,$ and Net Income for the past year was $$300,000.$

Calculate the book value of the firm.

Calculate the book value per share.

Calculate the P$/$E ratio.