A firm has sales of $311,000 and net income of $31,600.Currently,there are 28,000 shares outstanding at a market price of $36 per share.What is the price-sales ratio?
A)2.08
B)3.24
C)4.26
D)5.15
E)11.11

Name: A firm has sales of $311,000 and net income of $31,600.Currently,there are 28,000 shares outstanding at a market price of $36 per share.What is the price-sales ratio? A)2.08 B)3.24 C)4.26 D)5.15 E)11.11
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Quizplus · Accepted Answer

Price-sales ratio = $36/($311,000/28,000) = 3.24

A Firm Has Sales of $311,000 and Net Income of $31,600.Currently,there