Silveroar had earnings of $16 million and revenues of $350 million during the most recent fiscal year. assume that silveroar will have 15 million outstanding shares after the ipo. estimate the ipo price for silveroar using the price/earnings ratio and price/revenues ratio.

Walking through the grocery store, ramon sees a "buy 2, get 1 free" deal on laundry detergent. even though he currently has plenty of detergent he decides to take home all three bottles. ramon's decision seems to have been based mostly on his immediate need for the detergent the low price of alternative brands the limited income he presently earns the sale price offered for the detergent