Question
TwitterMe, Inc., is a new company and currently has negative earnings. The companys sales are $2,350,000 and there are 180,000 shares outstanding. If the benchmark
TwitterMe, Inc., is a new company and currently has negative earnings. The companys sales are $2,350,000 and there are 180,000 shares outstanding.
If the benchmark pricesales ratio for the company is 4.5, 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.) Current stock price $
If the benchmark pricesales ratio for the company is 3.9, 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.) Current stock price $
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
Energy And Finance Sustainability In The Energy Industry
Authors: André Dorsman, Özgür Arslan-Ayaydin, Mehmet Baha Karan
1st Edition
3319322664, 978-3319322667
