Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Z Space, Incorporated, is a new company and currently has negative earnings. The company's sales are $2.2 million and there are 134,000 shares outstanding. 0.

image text in transcribed
Z Space, Incorporated, is a new company and currently has negative earnings. The company's sales are $2.2 million and there are 134,000 shares outstanding. 0. If the benchmark price-sales ratio is 5.4, what is your estimate of an appropriate stock price? (Do not round intermediate calculations ond round your onswer to 2 decimal places, e.g., 32.16.) b. What if the price-sales ratio were 5.1 ? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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

The Private Equity Toolkit A Step By Step Guide To Getting Deals Done From Sourcing To Exit

Authors: Tamara Sakovska

1st Edition

1119697107, 978-1119697107

More Books

Students also viewed these Finance questions