Question $37(1\mathrm{.}2$ points$)$

A firm has annual sales of $$416,000,$ a price$-$earnings ratio of $18,$ and a profit margin

of $3\mathrm{.}7$ percent. There are $12,000$ shares of stock outstanding. What is the price$-$sales

ratio?

$1\mathrm{.}08$

$1\mathrm{.}15$

$0\mathrm{.}97$

$0\mathrm{.}67$

$0\mathrm{.}86$