Ask Question
22 November, 08:45

Given the following information, what is Macy's market capitalization? Annual Sales $27.5B Annual Net Income $1.5B Earnings Per Share $3.93 Number of Shares 360 million Price Per Share $60

A) $10.5B

B) $50.0B

C) $5.3B

D) $21.6B

E) $27.5B

+4
Answers (1)
  1. 22 November, 08:58
    0
    D) $21.6B

    Explanation:

    Market capitalization equals the total number of outstanding share multiplied by the sare price, therefore:

    Market Capitalization = 360,000,000 shares x $60 price per share

    = $21,600,000,000

    Thus, the total market capitalization is $21.6 billion
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Given the following information, what is Macy's market capitalization? Annual Sales $27.5B Annual Net Income $1.5B Earnings Per Share $3.93 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers