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Millstone Corp. has reported the following information: Common stock: $525,000 Par value per share: $5 Market price per share: $53.20 Total sales: $892,500 What is Millstone's price-sales ratio?

Millstone Corp. has reported the following information: Common stock: $525,000 Par value per share: $5 Market price per share: $53.20 Total sales: $892,500 What is Millstone's price-sales ratio?

Managerial Accounting: The Cornerstone of Business Decision-Making
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 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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What is millstone's price-sales ratio?

Millstone Corp. has reported the following information: Common stock: $525,000 Par value per share: $5 Market price per share: $53.20 Total sales: $892,500 What is Millstone's price-sales ratio?
Transcribed Image Text:Millstone Corp. has reported the following information: Common stock: $525,000 Par value per share: $5 Market price per share: $53.20 Total sales: $892,500 What is Millstone's price-sales ratio?
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