If the number of shares outstanding ( in thousands) is 378,597 and the closing share price...

Question

Question

If the number of shares outstanding ( in thousands) is 378,597 and the closing share price is $117 51. What is the market capitalization ?

Answer 1

Answer #1

Market capitalization mean the total value of companies stock. It will be caliculated by multiplying the price of stock with no is shares.

Shares outstanding = 378,597,000

Closing share price = $117.51

Market capitalization = 378,597,000 * 117.51

= $44,488,933,470.00

In thousands it is $44,488,933.47

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Answer 2

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