Fancy Paws' year-end price on its common stock is $20. The firm has a profit margin of 12 percent, total assets of $20 million, a total asset turnover ratio of 0.5, no preferred stock, and there are 2 million shares of common stock outstanding. What is the PE ratio for Fancy Paws?
A) 3.33
B) 8.33
C) 10.00
D) 33.33

Question

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The Answer of Fancy Paws' year-end price on its common stock is $20. The firm has a profit margin of 12 percent, total assets of $20 million, a total asset turnover ratio of 0.5, no preferred stock, and there are 2 million shares of common stock outstanding. What is the PE ratio for Fancy Paws?
A) 3.33
B) 8.33
C) 10.00
D) 33.33

Fancy Paws' Year-End Price on Its Common Stock Is $20