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  3. the following figures represent the equity situati

The following figures represent the equity situation of Dewey Cheatum & Howe, well-known producer of...

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Accounting

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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