Problem 6-26

The current price of Parador Industries stock is $84 per share. Current sales per share are $15.4, the sales growth rate is 8.5 percent, and Parador does not pay a dividend. The expected return on Parador stock is 15 percent.

1.	Calculate the sales per share one-year ahead. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Sales per share

$

2.	Calculate the P/S ratio one-year ahead. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

P/S ratio