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Summit Pages Inc. has the following financial data: • Sales: $1,200,000 • Cost of Goods Sold: $780,000 • • Profit Margin: 7.5% The balance sheet shows common stock of $512,000 with a par value of $2 per share Retained earnings: $920,000 The market price per share is $62.00 What is the price-to-sales (P/S) ratio?

Summit Pages Inc. has the following financial data: • Sales: $1,200,000 • Cost of Goods Sold: $780,000 • • Profit Margin: 7.5% The balance sheet shows common stock of $512,000 with a par value of $2 per share Retained earnings: $920,000 The market price per share is $62.00 What is the price-to-sales (P/S) ratio?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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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Financial Accounting

Summit Pages Inc. has the following financial data: • Sales: $1,200,000 • Cost of Goods Sold: $780,000 • • Profit Margin: 7.5% The balance sheet shows common stock of $512,000 with a par value of $2 per share Retained earnings: $920,000 The market price per share is $62.00 What is the price-to-sales (P/S) ratio?
Transcribed Image Text:Summit Pages Inc. has the following financial data: • Sales: $1,200,000 • Cost of Goods Sold: $780,000 • • Profit Margin: 7.5% The balance sheet shows common stock of $512,000 with a par value of $2 per share Retained earnings: $920,000 The market price per share is $62.00 What is the price-to-sales (P/S) ratio?
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