Problema firm has annual sales of 320000 a price-earnings, Ask an Expert

Accounting

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, Accounting

Category:- Accounting Basics
Reference No.:- M91168452

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