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Z Space, Incorporated, is a new company and currently has negative earnings. The company's sales are $2.6 million and there are 142,000 shares outstanding. a.
Z Space, Incorporated, is a new company and currently has negative earnings. The company's sales are $2.6 million and there are 142,000 shares outstanding. a. If the benchmark price-sales ratio is 6.2, 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.) b. What if the price-sales ratio were 5.5? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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