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TwitterMe, Inc., is a new company and currently has negative earnings. The companys sales are $2.5 million and there are 140,000 shares outstanding. If the
TwitterMe, Inc., is a new company and currently has negative earnings. The companys sales are $2.5 million and there are 140,000 shares outstanding. If the benchmark price-sales ratio is 6.0, what is your estimate of an appropriate stock price? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) What if the price-sales ratio were 5.4? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
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