DHA 3242 RETAIL BUYING

32. A company has a price to sales ratio of 1.10, annual sales of $2 billion and 100 million shares of common stock outstanding. Its stock price is: $20 Solution: 2 billion/100 million = $20 Sales per share. $18.18 $20 x 1.10 PSR = $22 MPS. $17.52. $22.00 ................
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