TwitterMe, Inc., is a new company and currently has negative earnings. The companys sales are...
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TwitterMe, Inc., is a new company and currently has negative earnings. The companys sales are $2.4 million and there are 138,000 shares outstanding. a. If the benchmark price-sales ratio is 5.8, 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 5.2? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
a.Stock price at a price-sales of 5.8_______
b.Stock price at a price-sales of 5.2_______
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