Question
1:46 K ces Z Space, Incorporated, is a new company and currently has negative earnings. The company's sales are $2.8 million and there are 146,000
1:46 K ces Z Space, Incorporated, is a new company and currently has negative earnings. The company's sales are $2.8 million and there are 146,000 shares outstanding. a. If the benchmark price-sales ratio is 6.6, what is your estimate of an appropriate stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What if the price-sales ratio were 5.8? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Stock price at a price-sales of 6.6 b. Stock price at a price-sales of 5.8 < Prev 2 of 16 --- Next >
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