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TwitterMe, Inc., is a new company and currently has negative earnings. The companys sales are $2,450,000 and there are 200,000 shares outstanding. Requirement 1: If
TwitterMe, Inc., is a new company and currently has negative earnings. The companys sales are $2,450,000 and there are 200,000 shares outstanding. |
Requirement 1: | ||
If the benchmark price-sales ratiofor the company is 4.7, how much will you pay for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current stock price =?
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