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7. A firm has sales of $431,997 and net income of $71,941. Currently, there are 79,768 shares outstanding at a market price of $25 per

7. A firm has sales of $431,997 and net income of $71,941. Currently, there are 79,768 shares outstanding at a market price of $25 per share. What is the price-sales ratio?

8. Computer Geeks has sales of $345,273, a profit margin of 0.26, a total asset turnover rate of 1.88, and an equity multiplier of 2.87. What is the return on equity?

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