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 Stock RJW Enterp SYM RJW YLD 2.0 YTD %Chg Last Net Chg 40 15 125.00 What is the annual dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Annual dividend 2.5 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 $124.60 If the company currently has 28 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

Explanation / Answer

a.

Annnual Dividend = $125 × 2%

= $2.50

Annual Dividend is $2.50.

b.

Last closing price = $125 + $0.40

= $125.40.

Last closing price is $125.40.

d.

Net Income = (28,000,000 × $125) / 15

= $233,333,333.33

Net Income of company is $233,333,333.33.

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