A rationale for the use of the price-to-sales (P/S) approach is: a. Sales are more volatile than

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A rationale for the use of the price-to-sales (P/S) approach is:

a. Sales are more volatile than earnings.

b. P/S ratios assess cost structures accurately.

c. Revenues are less subject to accounting manipulation than earnings.

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Fundamentals Of Investing

ISBN: 9781292153988

13th Global Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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