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10 Unlike earnings and book value ratios, which can become negative for many firms and thus not meaningful, revenue multiples (such as price-to-sales ratio and
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Unlike earnings and book value ratios, which can become negative for many firms and thus not meaningful, revenue multiples (such as price-to-sales ratio and value-to-sales ratio) are available even for the most troubled firms and for every young firms. Thus, the potential for bias created by eliminating firms in the sample is far lower a True Db False Step by Step Solution
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