Log on to finance.yahoo.com and use the website to update Table 2.3. Search for each firm using its ticker symbol. You can find total market capitalization under the Statistics tab. How have market values of these companies changed?

Table 2.3

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TABLE 2.3 Calculating the market capitalization of Callaway Golf and other companies in January 2021. (Shares and market values in millions. Ticker symbols in parentheses.) Callaway Golf (ELY) Alaska Air Group (ALK) Yum! Brands (YUM) Number of Shares (millions) 94.2 123.7 301.7 543.3 Caterpillar Tractor (CAT) Microsoft (MSFT) Source: Yahoo! Finance, finance.yahoo.com. 7,560 Stock Price 27.30 50.70 X 103.07 X X 186.66 242.12 X X X = = Market Capitalization ($ millions) $ 2,572 $ 6,272 $ 31,096 $ 101,427 $1,830,427