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3 years ago

The ronnie co. has sales per share of 25.37. If the PS ratio is 1.47 times, what is the stock price?

Business

1 answer:

ivolga24 [154]3 years ago

6 0

Answer:

$37.30

Explanation:

Sales per share S = 25.37

PS ratio = 1.47 times

PS ratio = Price to sales ratio = P/S

P/S = 1.53

Price per share = (P/S) * Sales per share

Price per share = 1.47 * 25.37

Price per share = $37.2939

Price per share = $37.30

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