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A Firm Has Sales of $311,000 and Net Income of $21,600

question 11

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A firm has sales of $311,000 and net income of $21,600. Currently, there are 18,000 shares outstanding at a market price of $36 per share. What is the price-sales ratio?


Definitions:

Unemployed Classification

The categorization of individuals who are not currently working but are actively seeking employment and are available to start work.

Utilizes Skills

Refers to the effective use or application of individuals' abilities and competencies in professional or practical tasks.

Fashion Model

An individual employed to display clothing, accessories, or other fashion items by wearing them for the purpose of advertising or showcasing them in various media.

Actively Seeking Employment

A status where an individual is without a job but is searching for employment and is currently available to work.

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