Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. twitterme, inc., is a new company and currently ha

TwitterMe, Inc., is a new company and currently has negative earnings. The companys sales are...

90.2K

Verified Solution

Question

Accounting

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_______

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Ramon had AGI of $180,000 in 2018. He is considering making a charitable contribution this year...

Accounting
Q

Which has NOT been used as a cognitive behavioral treatment for Alzheimer s disease Odoing...

Biology
Q

Chapters 1 3 6 i In which way are bacteria and eukaryotes the same Multiple...

Biology
Q

A ball is allowed to slide a distance 1 from rest down a smooth inclined...

Physics
Q

lons Each question has 4 choices 1 2 3 and 4 out of which only...

Physics
Q

Type answer rounded to the nearest mph with one space between the number and the...

Algebra
Q

A company had the following transactions during June, the...

Accounting
Q

Kona Espresso Machine Company makes many of its sales on account. For Year 2, its...

Accounting
Q

6213 -20 X3 [Compatibility Mode] O Search in Document Home Insert Drew Design Layout References...

Accounting
Q

Question 13 (1 point) A description should accompany each entry made in the general journal...

Accounting
Q

Using the information below: Please present in table form the 30 year present value of...

Accounting
Q

An equity analyst from Jefferies & Co. expects Johnson & Johnson (NYSE: JNJ) current annual...

Finance