Question

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

Answer 1

$37.30

Step-by-step 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