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P E ratio Following are the price - earnings ( P E ) ratios of companies in the oil / gas industry. table [

PE ratio
Following are the price-earnings (PE) ratios of companies in the oil/gas industry.
\table[[,Exxon Mobil,Chevron,Shell],[P/E ratio,12.76,13.61,11.74]]
(a) What is the average of PE ratio of these companies?
(b) Consider another oil producer, company X, whose latest net income is $10 millions. Under the assumption that the PE ratio of this company equals the industry average, what is the market capitalization of the company x?
(c) The company x has 4 million shares outstanding. What is its share price?
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