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Problem 7-14 Stock Valuation and PS Ratio (LO 2] TwitterMe, Inc., is a new company and currently has negative earnings. The company's sales are $2,200,000

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Problem 7-14 Stock Valuation and PS Ratio (LO 2] TwitterMe, Inc., is a new company and currently has negative earnings. The company's sales are $2,200,000 and there are 155,000 shares outstanding. a. If the benchmark price-sales ratio for the company is 4.6, how much will you pay for the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. If the benchmark price-sales ratio for the company is 4, how much will you pay for the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Stock price b. Stock price

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