Rosa's Is a Small Chain of Mexican Food Restaurants That

question 347

Multiple Choice

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:

-What is the price-to-sales ratio for Rosa's?

• A)0.55
• B)0.66
• C)1.50
• D)1.85

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Definitions:

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities.

Vertical Line

A straight line that goes from up to down (or down to up) and does not slant; in Cartesian coordinates, it is described by an equation of the form \(x = a\).

Slope-intercept Form

An equation of a straight line in the form y = mx + b, where m is the slope and b is the y-intercept.

Slope-intercept Form

A way of writing the equation of a straight line in the form y = mx + b, where m is the slope and b is the y-intercept.