GEN Has 1 Million Shares Outstanding and a P/E Ratio

question 43

Multiple Choice

GEN has 1 million shares outstanding and a P/E ratio of 12. Its earnings per share is $2.00. What is GEN's market capitalization?

• A) $24,000,000
• B) $12,000,000
• C) $2,000,000
• D) $96,000,000

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Definitions:

Method

A function or a procedure in programming languages that is associated with a class or object and performs a specific task.

Object-oriented Design

A programming philosophy based on the concept of "objects," which are data structures encapsulating data and functions.

Verbs

Words that express actions or states of being.

Objects

Instances of classes that encapsulate data and functionality, acting as the basic building blocks of object-oriented programming.