Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

TwitterMe, Inc., is a new company and currently has negative earnings. The company's sales are $1.8 million and there are 126,000 shares outstanding a. If

image text in transcribedimage text in transcribed

TwitterMe, Inc., is a new company and currently has negative earnings. The company's sales are $1.8 million and there are 126,000 shares outstanding a. If the benchmark price-sales ratio is 4.6, what is your estimate of an appropriate stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What if the price-sales ratio were 4.2? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) intemediate b. anet2 decia slaceeno, a. Stock price at a price-sales of 4.6 b. Stock price at a price sales of 4.2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Students also viewed these Finance questions