Rosa's is a small chain of Mexican food restaurants that features five delicious varieties of salsa. The business has grown over the past ten years from a hobby to a small corporation with 200,000 shares of common stock outstanding. The corporation has not issued any preferred stock. The following is Rosa's latest financial data:
Annual earnings
$ 750,000
Annual sales
$12,650,000
Corporate assets
$20,500,000
Corporate liabilities
$12,800,000
Cash dividends (annual)
$ .50
Market price of stock
$ 35
What is the price-to-sales ratio for Rosa's?
Answer: .55
You might also like to view...
Which of the following ways to conveying a brand's category membership relates to well-known,
noteworthy brands in a category helping a brand specify its category membership? A) comparing to exemplars B) communicating deliverability variables C) identifying counter examples D) announcing category benefits E) relying on the product descriptor
Which of the following documents would most likely use an introduction/problem, facts/findings, conclusions, and recommendations organization?
A) E-mail message B) Analytical report C) Proposal D) Procedural document
Greg owns a furniture business and produces only enough goods to meet the current demand. This helps him save inventory-holding costs. In the given scenario, Greg uses just-in-time (JIT) production.
Answer the following statement true (T) or false (F)
When the interest rate on a bond is ________ the equilibrium interest rate, there is excess ________ in the bond market and the interest rate will ________
A) above; demand; fall B) above; demand; rise C) below; supply; fall D) above; supply; rise