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12 August, 02:38

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

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  1. 12 August, 03:53
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    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
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