Which of the following correctly represents the Price$-$to$-$Earnings $($P$/$E$)$ ratio for a company

with the following financial data:

Market Price per Share: $$75$

Net Income: $$1,500,000$

Number of Shares Outstanding: $200,000$

$\frac{P}{E}=25$

$\frac{P}{E}=10$

$\frac{P}{E}=20$