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

ID: 2779940 • Letter: Y

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.) Yesterday’s closing price $ 80.58

correct If the company currently has 23 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.) Net income $ 123,510,000 incorrect

Hi Lo Stock (DIV) YLD % PE Vol 100s Close Net Chg 82.27 47.47 2.00 2.5 15 19,197 ? -0.58

Explanation / Answer

Earnings per share = 80/15

total net income for the most recet four quarters = 80/15 * 23,000,000 = 122,666,6667

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