Question regarding the price-sales ratio
Problem:
A firm has sales of $311,000 and net income of $21,600. Currently, there are 18,000 shares outstanding at a market price of $36 per share.
Required:
Question: What is the price-sales ratio?
Note: Show supporting computations in good form.
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Question: What is the price-sales ratio? Note: Show supporting computations in good form.
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