Question: Hi can you please help me solve this with steps thank you Our Space is a social media site that is growing in popularity. The

Hi can you please help me solve this with steps thank youHi can you please help me solve this with steps thank you

Our Space is a social media site that is growing in popularity. The firm has been around for a few years and has created a nice market niche for itself. In fact, it actually turned a profit last year, albeit a fairly small one. After doing some basic research on the company, you've decided to take a closer look. You plan to use the price-to-sales ratio to value the stock, and you have collected P/S multiples on the following social media companies B. Find the average P/S ratio for these three firms. Given that Our Space is expected to generate $39 million in sales next year and will have 17 million shares of stock outstanding, use the average PIS ratio you computed above to put a value on Our Space's stock. The average P/S ratio for the 3 firms is (Round to two decimal places.) The value of Our Space's stock is SO. (Round to the nearest cent.)

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