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

Question: Below are selected balance sheet and market data for three shoe companies. ($ millions) Company Company Year End Assets Liabilities Number of shares outstanding (in

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.

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