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

Question

Business

Sweet Tea

5 August, 10:43

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

+3

Answers (1)

Know the Answer?

Colin Savage · Answer 1

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

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 $60A) $10.5BB) $50.0BC) $5.3BD) $21.6BE) $27.5B

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