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Weston Reads has the following financial data: • Sales: $950,600 • Cost of Goods Sold: $621,400 • Profit Margin: 6.8% The balance sheet shows common stock of $456,000 with a par value of $4 per share and retained earnings of $850,000. What is the price-sales ratio if the market price is $54.50 per share? a. 5.21 b. 7.58 c. 4.55 d. 6.53

Weston Reads has the following financial data: • Sales: $950,600 • Cost of Goods Sold: $621,400 • Profit Margin: 6.8% The balance sheet shows common stock of $456,000 with a par value of $4 per share and retained earnings of $850,000. What is the price-sales ratio if the market price is $54.50 per share? a. 5.21 b. 7.58 c. 4.55 d. 6.53

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 13P
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Weston Reads has the following financial data: please answer the financial accounting question

Weston Reads has the following financial data: • Sales: $950,600 • Cost of Goods Sold: $621,400 • Profit Margin: 6.8% The balance sheet shows common stock of $456,000 with a par value of $4 per share and retained earnings of $850,000. What is the price-sales ratio if the market price is $54.50 per share? a. 5.21 b. 7.58 c. 4.55 d. 6.53
Transcribed Image Text:Weston Reads has the following financial data: • Sales: $950,600 • Cost of Goods Sold: $621,400 • Profit Margin: 6.8% The balance sheet shows common stock of $456,000 with a par value of $4 per share and retained earnings of $850,000. What is the price-sales ratio if the market price is $54.50 per share? a. 5.21 b. 7.58 c. 4.55 d. 6.53
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