Johnson and Grubb,Inc.has 26,000 shares of common stock outstanding with a market value of $78 a share.Johnson and Grubb's total sales over the past year were $2,500,000.What is this company's price-to-sales ratio?
A) 0.30
B) 0.65
C) 0.75
D) 0.81
Correct Answer:
Verified
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