Blitz Corp. had total sales of $2,970,000 last year and has 105,000 shares of stock outstanding. The benchmark PS is 1.58 times. What stock price would you consider appropriate?
Answer:
Sales R=$2970000
Shares outstanding N=105000
Let S be the stock price
So PS=S*N/R
1.58=105000*S/2970000
S=$44.69
Blitz Corp. had total sales of $2,970,000 last year and has 105,000 shares of stock outstanding....
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