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  3. Study Set
    Fundamentals of Corporate Finance
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    Exam 3: Working with Financial Statements
  5. Question
    The Tech Store Has Annual Sales of $416,000, a Price-Earnings
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The Tech Store Has Annual Sales of $416,000, a Price-Earnings

Question 2

Question 2

Multiple Choice

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

Correct Answer:

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