What is the price sales ratio on these financial accounting question? Harrison Logistics, Inc., has a current stock price of$52. Over the past year, the company reported a netincome of $6,400,000, total equity of $27,000,000,sales of $48,500,000, and 5 million shares of stockoutstanding.What is the price-sales ratio?

Step 1: Define Price-to-Sales (P/S) RatioThe Price-to-Sales Ratio (P/S Ratio) is a valuation metric…

Answered: Harrison Logistics, Inc., has a current…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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What is the price sales ratio?
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Harrison Logistics, Inc., has a current stock price of $52. Over the past year, the company reported a net income of $6,400,000, total equity of $27,000,000, sales of $48,500,000, and 5 million shares of stock outstanding. What is the price-sales ratio?