Below are selected balance sheet and market data for three shoe companies. ($ millions)

Company	Company Year End	Assets	Liabilities	Number of shares outstanding (in millions)	End of year stock price (per share)
Nike, Inc.	May 31, 2016	21,396	9,138	1,682	$55.22
Skechers, USA, Inc.	Dec. 31, 2016	2,394	708	155	$24.58
Caleres, Inc.	Jan. 28, 2017	1,475	861	43	$32.82

a. Calculate the market capitalization of each company.

b. Calculate the market to book ratio for each company.

c. Comment on differences you observe.

Answer rating: 100% (QA)

To calculate the market capitalization of each company you need to multiply the number of shares outstanding by the endofyear stock price a Market Cap... View the full answer