Question

The Richie Company has sales per share of $25.88. If the PS ratio is 1.96 times, what is the stock price?

Answer 1

To find the stock price, divide the sales per share by the PS ratio. In this case, the sales per share is $25.88 and the PS ratio is 1.96 times, so the stock price would be $13.20 per share.

To find the stock price, we need to divide the sales per share by the PS ratio. In this case, the sales per share is $25.88 and the PS ratio is 1.96 times. Therefore, the stock price would be:

$25.88 / 1.96 = $13.20

So the stock price would be $13.20 per share.