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 answer to 2 decimal places, e.g., 32.16.)

If the company currently has 22 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, e.g., 32.16.)

You have found the following stock quote for RJW Enterprises, Inc., in the financial pages of today’s newspaper.

Explanation / Answer

The divedend yield= Divedend / share price

So todays share price is Divedend / Divedend yield

So share price is 3/ 0.024 = 125 which is -0.34 less than yeaterdays closing price, so yesterdays closing price is 125.34$.

PE ratio is 15 so price /EPS = 15, Do EPS is 125/15 = 8.34$, for 1 share so for 22 million shares the total earnings is 22 million × 8.34$ = 183333333.34 $, This is the netincome.

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