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Business, 23.07.2020 23:01 jessicavasquez081

TwitterMe, Inc., is a new company and currently has negative earnings. The company’s sales are $2.1 million and there are 130,000 shares outstanding. a. If the benchmark price-sales ratio is 4.3, what is your estimate of an appropriate stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. What if the price-sales ratio were 3.6? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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TwitterMe, Inc., is a new company and currently has negative earnings. The company’s sales are $2.1...
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