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 is the annual dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

What was the closing price for this stock that appeared in yesterday’s paper? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

If the company currently has 15 million shares of stock outstanding, what was net income for the most recent four quarters? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places

.22   

YTD %Chg Stock     SYM    YLD    PE       Last    Net Chg –1.1    RJW Enterp. RJW     2.0      15       60.00

.22   

Explanation / Answer

Annual dividend:

= $60×2%

= $1.20

Closing price:

= $60 (Last column)

PE ratio = price per share/EPS

15 = $60/EPS

EPS = $4

Net income:

= $4×15,000,000

= $60,000,000

Related Questions

Navigate

• Browse (All)
• Browse Y
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.