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 Number of Shares 360 million Price Per Share $60
A) $10.5B
B) $50.0B
C) $5.3B
D) $21.6B
E) $27.5B

Answer 1

Answer:

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