Question regarding the price-sales ratio


Problem:

A firm has sales of $311,000 and net income of $21,600. Currently, there are 18,000 shares outstanding at a market price of $36 per share.

Required:

Question: What is the price-sales ratio?

  • 2.08
  • 3.11
  • 4.26
  • 5.15
  • 6.95

Note: Show supporting computations in good form.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Question regarding the price-sales ratio
Reference No:- TGS0886378

Expected delivery within 24 Hours