Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 05, 2024

Blitz Corp. had total sales of $3,490,000 last year and has 118,000 shares of stock outstanding. The benchmark PS is 1.84 times. What stock price

Blitz Corp. had total sales of $3,490,000 last year and has 118,000 shares of stock outstanding. The benchmark PS is 1.84 times. What stock price would you consider appropriate?

Multiple Choice

$48.98
$16.07
$50.79
$54.42
$43.54

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Venture Capital And The Finance Of Innovation

Authors: Andrew Metrick, Ayako Yasuda

3rd Edition

1119490111, 978-1119490111

More Books

Students also viewed these Finance questions

Question

★★★★★

As in Exercise 10.1, Jack and Jill are independently struggling to pass their last (one) class required for graduation. Jack needs to pass Calculus III, but he only has probability 0.30 of passing....

Answered: 1 week ago

Question

★★★★★

Process innovation leading to reduced production costs and affected partially by the learning and experience effect.

Answered: 1 week ago

Question

★★★★★

Mark Decker has identified four stocks for his portfolio, and he wants to determine the percentage of his total available funds he should invest in each stock. The alternative stocks include an...

Answered: 1 week ago

Question

★★★★★

Blitz Corp. had total sales of $3,490,000 last year and has 118,000 shares of stock outstanding. The benchmark PS is 1.84 times. What stock price would you consider appropriate? Multiple Choice...

Answered: 1 week ago

Question

★★★★★

56. Roberta Santos, age 41, is single and lives at 120 Sanborne Avenue, Springfield, IL60781. Her Social Security number is 123-45-6789. Roberta has been divorced from her former husband, Wayne, for...

Answered: 1 week ago

Question

★★★★★

The main bottling plant at Pepsi Soft drinks has a capacity of 80,000 liters a day, and works a seven-day week. It fills standard bottles of 750 ml, and these are passed to a packing area which can...

Answered: 1 week ago

Question

★★★★★

1. What is a spinlock? What is an alternative to using spinlocks? 2. in c programming language Write a program to produce the following output on the screen. Sol25: 1. A spinlock is a synchronization...

Answered: 1 week ago

Question

★★★★★

Who can help me finish writing this algorithm for mergeSort? There comment guidelines in the code. /** Performs a merge sort using a given input array @param array the (unsorted) array @return the...

Answered: 1 week ago

Question

★★★★★

In the EWD Viewer, component locations are found by selectyng the: Help button Component Component Detail Button Location tan

Answered: 1 week ago

Question

★★★★★

/** * Compute the median (middle value) of an array of integers. * For even sized arrays, the value is the average of the two middle values. * @param values - an array of integers * @return */ public...

Answered: 1 week ago

Previous Question Next Question