Corner Books has: Sales $687,400 Cost of goods sold $454,200 Profit margin 5.5 percent The balance sheet shows the common stock of $324,000 with a par value of $5 a share, and retained earnings of $689,500. Required: What is the price-sales ratio if the market price is $43.20 per share? a. 4.28 b. 12.74 c. 6.12 d. 4.07 e. 14.51

Corner Books has: Sales $687,400 Cost of goods sold $454,200 Profit margin 5.5 percent The balance sheet shows the common stock of $324,000 with a par value of $5 a share, and retained earnings of $689,500. Required: What is the price-sales ratio if the market price is $43.20 per share? a. 4.28 b. 12.74 c. 6.12 d. 4.07 e. 14.51

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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