Z Space, Incorporated, is a new company and currently has negative earnings. The company's sales are $2.7 million and there are 175,000 shares outstanding. a. If the benchmark price-sales ratio is 4.3, what is your estimate of an appropriate stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What if the price-sales ratio were 3.6? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Stock price if price-sales is 4.3 b. Stock price if price-sales is 3.6

Z Space, Incorporated, is a new company and currently has negative earnings. The company's sales are $2.7 million and there are 175,000 shares outstanding. a. If the benchmark price-sales ratio is 4.3, what is your estimate of an appropriate stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What if the price-sales ratio were 3.6? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Stock price if price-sales is 4.3 b. Stock price if price-sales is 3.6

Name: Z Space, Incorporated, is a new company and currently has negative ea
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Description: Z Space, Incorporated, is a new company and currently has negative earnings. Thecompany's sales are $2.7 million and there are 175,000 shares outstanding.a. If the benchmark price-sales ratio is 4.3, what is your estimate of an appropriate stockpric

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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