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TwitterMe, Inc., is a new company and currently has negative earnings. The company’s sales are $2,200,000 and there are 155,000 shares outstanding. Requirement 1: If the benchmark price-sales ratio for the company is 4.6, how much will you pay for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current stock price $ Requirement 2: If the benchmark price-sales ratio for the company is 4, how much will you pay for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Current stock price $

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Financial Management, Finance

Category:- Financial Management
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