P12-38. Estimating Market Capitalization from Public Disclosures YCharts.com reported that Procter and Gamble Company's market capitalization was $275.04 billion and its stock price per share was $109.65 as of June 30, 2018. The equity section from Procter and Gamble's June 30, 2018, balance sheet follows (in millions). 967 Shareholders' Equity Convertible Class A preferred stock, stated value $1 per share (600 shares authorized).... Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized) Common stock, stated value $1 per share (10,000 shares authorized; shares issued: 2018-4,009.2, 20174,009.2) .. Additional paid-in capital. .. Reserve for ESOP debt retirement.. Accumulated other comprehensive income/(loss) Treasury stock, at cost (shares held: 20181,511.2, 20171,455.9) Retained earnings .... Noncontrolling interest Total shareholders' equity 4,009 63,846 (1.204) (14,749) (99,217) 98,641 590 $ 52,883 Required Verify YCharts's computation of P&G's market capitalization at June 30, 2018, using data from above. P12-38. Estimating Market Capitalization from Public Disclosures YCharts.com reported that Procter and Gamble Company's market capitalization was $275.04 billion and its stock price per share was $109.65 as of June 30, 2018. The equity section from Procter and Gamble's June 30, 2018, balance sheet follows (in millions). 967 Shareholders' Equity Convertible Class A preferred stock, stated value $1 per share (600 shares authorized).... Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized) Common stock, stated value $1 per share (10,000 shares authorized; shares issued: 2018-4,009.2, 20174,009.2) .. Additional paid-in capital. .. Reserve for ESOP debt retirement.. Accumulated other comprehensive income/(loss) Treasury stock, at cost (shares held: 20181,511.2, 20171,455.9) Retained earnings .... Noncontrolling interest Total shareholders' equity 4,009 63,846 (1.204) (14,749) (99,217) 98,641 590 $ 52,883 Required Verify YCharts's computation of P&G's market capitalization at June 30, 2018, using data from above