Question No 18 (8 points) The following information pertains to Mountain Sports Inc. (MSI): ...
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Question No 18 (8 points) The following information pertains to Mountain Sports Inc. (MSI): In 2019, MSI registered a gross profit margin of 75 percent on revenues of $16 million. The stock of MSI is currently trading at $18.20 per share. There are four million shares outstanding. The company's 2019 net income was $5.2 million. Based on this information above, what was MSI's cost of goods sold in 2019? What is the company's Price to earnings (P/E) ratio based on the most recent income (i.e., income of 2019)
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