The following figures represent the equity situation of Dewey Cheatum & Howe, well-known producer of...
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The following figures represent the equity situation of Dewey Cheatum & Howe, well-known producer of Miracle Curea guaranteed tonic for whatever ails you!
Authorized shares 12,000,000,000
Shares issued 5,500,000,000
Shares outstanding 4,500,000,000
Float 4,250,000,000
a. If shares of Miracle Cure are selling for $15/share, what is the firms market capitalization? Show your calculation. b. How many shares must be in the treasury stock. Show your calculation.
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