Question: I need help finding the accurate solution to this financial accounting problem with valid methods. Pinnacle Logistics, Inc. has a current stock price of $52.

I need help finding the accurate solution to this financial accounting problem with valid methods.

Pinnacle Logistics, Inc. has a current stock price of $52. For the past year, the company had a net income of $6,200,000, total equity of $25,400,000, sales of $45,000,000, and 5 million shares of stock outstanding. What is the price-sales ratio

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