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

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 4P: Reno Revolvere has an EPS of $1.50, a cash flow per share of $3.00, and a price/cash flow ratio of...

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