You have found the following stock quote for RJW Enterprises. Inc., in the finan

Question

You have found the following stock quote for RJW Enterprises. Inc., in the financial pages of today's newspaper. What was the closing price for this stock that appeared in yesterday's paper? (Do not round intermediate calculations and round your final answer to 2 decimal places, (e.g., 32.16)) Yesterday's closing price $ If the company currently has 25 million shares of stock outstanding, what was net income for the most recent four quarters? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567. Do not round intermediate calculations and round your final answer to 2 decimal places, (e.g., 32.16)) Net income $

Explanation / Answer

sorry, first one is incorrect, wrong data used.

%YLD =DiV/closing price

2.1/100 =1.28/Closing price

Closing price =1.28/0.021 =$60.95

P/E = Price/EPS(earnings per share)

EPS =$60.95/21 =$2.9

Net income $2.9*25Millon =$72.5 Millon

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