Equinox Bioengineering Began Operations in January of 2015

question 24

Multiple Choice

Equinox Bioengineering began operations in January of 2015.In its first year of operation, sales were $85 million and the net loss was $(5.1 million) .Free cash flow was $(300,000) .Equinox has 10 million shares outstanding.If you think the price to sales ratio for this company should be 1 or less, what is the most you should pay per share.

• A)$85.00
• B)$8.50
• C)$51.00
• D)Such a stock would have no value at all.

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Definitions:

Autism

A developmental disorder characterized by difficulties with social interaction and communication, and by restricted or repetitive patterns of thought and behavior.

Temperament

Temperament refers to an individual's inherent personality traits, including mood, energy levels, and emotional reactivity, which are evident from early life and largely biologically based.

Irregular Sleeping

Patterns of sleep that are not consistent, such as varying bedtimes and wake times, leading to potential disruptions in sleep quality.

Slow-to-Warm-Up

Describes individuals, typically children, who are cautious and less active in new situations but become more comfortable over time.