Multiple Choice
A firm has sales of $311,000 and net income of $21,600. Currently, there are 18,000 shares outstanding at a market price of $36 per share. What is the price-sales ratio?
A) 2.08
B) 3.11
C) 4.26
D) 5.15
E) 6.95
Correct Answer:
Verified
Correct Answer:
Verified
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