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Twitter Me, Inc., is a new company and currently has negative earnings. The company's sales are $1,500,000 and there are 135,000 shares outstanding. a. If
Twitter Me, Inc., is a new company and currently has negative earnings. The company's sales are $1,500,000 and there are 135,000 shares outstanding. a. If the benchmark price-sales ratio for the company is 5.5, 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 4.9, 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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