TwitterMe, Inc., is a new company and currently has negative earnings. The company’s sales are $2,700,000 and there are 275,000 shares outstanding.
Requirement 1: If the benchmark price-sales ratio for the company is 5.3, how much will you pay for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current stock price $
Requirement 2: If the benchmark price-sales ratio for the company is 4.7, how much will you pay for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current stock price $