The Tech Store has annual sales of $416,000, a price-earnings ratio of 18, and a profit margin of 3.7 percent. There are 12,000 shares of stock outstanding. What is the price-sales ratio?
A) 0.97
B) 0.67
C) 1.08
D) 1.15
E) 0.86

Question

Quizplus · Accepted Answer

The Answer of The Tech Store has annual sales of $416,000, a price-earnings ratio of 18, and a profit margin of 3.7 percent. There are 12,000 shares of stock outstanding. What is the price-sales ratio?
A) 0.97
B) 0.67
C) 1.08
D) 1.15
E) 0.86

The Tech Store Has Annual Sales of $416,000, a Price-Earnings