Swale and Fraser Plc Had a P/E Ratio of 16

Multiple Choice

Swale and Fraser plc had a P/E ratio of 16.8 at 31 December 20X9.The company's ordinary share capital was 9.3 million £1 ordinary shares.Earnings per share for the financial year ended 31 December 20X9 was 30.2p. What was the company's market capitalization at 31 December 20X9 (to the nearest £000) ?

A) Insufficient information available to calculate market capitalization
B) £156 240 000
C) £47 188 000
D) £50 740 000