Question: I'm stuck with the question, please help. Please include excel formula as the answer. 1 2 3 TwitterMe, Inc., is a new company and currently

 I'm stuck with the question, please help. Please include excel formula

I'm stuck with the question, please help. Please include excel formula as the answer.

1 2 3 TwitterMe, Inc., is a new company and currently has negative earnings. The company's sales are $2.7 million and there are 130,000 shares outstanding. If the benchmark price-sales ratio is 4.3, what is your estimate of an appropriate stock price? What if the price-sales ratio were 3.6? 4 5 6 7 $ Sales Shares outstanding Benchmark PS Benchmark PS 2,700,000 130,000 4.3 3.6 8 9 10 11 12 Complete the following analysis. Do not hard code values in your calculations. 13 14 Sales per share 15 16 Stock price at price-sales ratio of 4.3 17 18 Stock price at price-sales ratio of 3.6 19 20

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!