Question
TwitterMe, Inc., is a new company and currently has negative earnings. The companys sales are $2.3 million and there are 136,000 shares outstanding. If the
| TwitterMe, Inc., is a new company and currently has negative earnings. The companys sales are $2.3 million and there are 136,000 shares outstanding. |
| If the benchmark pricesales ratio is 5.6, 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.) |
| Stock price | $ |
| What if the pricesales ratio were 5.3? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| 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
Multifractal Financial Markets An Alternative Approach To Asset And Risk Management
Authors: Yasmine Hayek Kobeissi
1st Edition
1461444896, 978-1461444893
