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QUESTION
Firm A has a price-to-sales ratio of 3.9-to-1. Firm B has recently reported sales of $56 million. Firm B also has shares outstanding of 2,500,000.
Firm A has a price-to-sales ratio of 3.9-to-1. Firm B has recently reported sales of $56 million. Firm B also has shares outstanding of 2,500,000.
What is the price per share of Firm B, according to the comparable multiples approach?
