Please give me correct answer this financial accounting question SkyNet Technologies Inc. is a new company and currently has negativeearnings. The company's sales revenue is $2.5 million, and there are250,000 shares outstanding. If the benchmark price-sales ratio (P/S) is4, what is the estimated appropriate stock price?

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

Answered: SkyNet Technologies Inc. is a new…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 13P

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SkyNet Technologies Inc. is a new company and currently has negative earnings. The company's sales revenue is $2.5 million, and there are 250,000 shares outstanding. If the benchmark price-sales ratio (P/S) is 4, what is the estimated appropriate stock price?