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QUESTION 1 A company has the following Equity section in its Balance Sheet at 12/31/20: Common Stock (51,000 shares outstanding) $300,000 Retained Earnings $1,500,000 Total

QUESTION 1

  1. A company has the following Equity section in its Balance Sheet at 12/31/20:

    Common Stock (51,000 shares outstanding) $300,000

    Retained Earnings $1,500,000

    Total Equity $1,800,000

    If the market value is $100 per share at 12/31/20, What is the Market Capitalization ("Market Cap") at 12/31/20?

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