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 30 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

Average of high and low = 110.12 + 88.48 2 = 99.3

Stock dividend = 2.70

Closing price = 96.6

closing price for this stock that appeared in yesterday’s paper = 96.18

Net income = stock outstanding * price per share

= 30 million shares * 96.18

= 2885.4 million

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