Twitterme inc is a new company and currently has negative, Financial Management

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Twitterme inc is a new company and currently has negative

TwitterMe, Inc., is a new company and currently has negative earnings. The company’s sales are $1,500,000 and there are 135,000 shares outstanding.

Requirement 1:

If the benchmark price-sales ratio for the company is 5.5. What is the current stock price?

Requirement 2:

If the benchmark price-sales ratio for the company is 4.9. What is the current stock price?

Please show all work.

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Financial Management: Twitterme inc is a new company and currently has negative

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