Question regarding the price-sales ratio, Accounting Basics

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Question regarding the price-sales ratio

Problem:

A firm has annual sales of $320,000, a price-earnings ratio of 24, and a profit margin of 4.2 percent. There are 14,000 shares of stock outstanding.

Required:

Question: What is the price-sales ratio?

Note: Show supporting computations in good form.

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Accounting Basics: Question regarding the price-sales ratio

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Accounting Basics: Question regarding the price-sales ratio

Reference No:- TGS0886472

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Accounting Basics: Question regarding the price-sales ratio

Reference No:- TGS0886472

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