Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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. If the benchmark
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.
If the benchmark pricesales ratio for the company is 4.7, how much will you pay for the stock?
current stock price _____________
If the benchmark pricesales ratio for the company is 4.1, how much will you pay for the stock?
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