PHP script to convert B/s to Mbps

I need help creating a function that accepts Bytes per sec and converts that to Mbps.
ITNCAsked:
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Ray PaseurCommented:
Mbps - do you mean megabytes or megabits?
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Ray PaseurCommented:
With the commonly accepted terminology this should be OK.

<?php // demo/temp_itnc.php
error_reporting(E_ALL);

// SEE http://www.experts-exchange.com/Programming/Languages/Scripting/PHP/Q_28492897.html
// REF http://en.wikipedia.org/wiki/Data_rate_units

// EXAMPLE
$bytes = 50000000;
echo bs_to_mbps($bytes);

function bs_to_mbps($bytes, $precision=2)
{
    $mbps = $bytes / 125000;
    return number_format($mbps,$precision);
}

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ITNCAuthor Commented:
Megabits, thank you
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Ray PaseurCommented:
This should cover it correctly.  Please let me know if you have any questions.
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ITNCAuthor Commented:
That worked perfect, thank you sir.
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Ray PaseurCommented:
Glad to help!  Thanks for the points and thanks for using E-E, ~Ray
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