You have found the following stock quote for RJW Enterprises, Inc., in the finan
ID: 2777677 • 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.)
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.)
52-WEEK YLD VOL NET HI LO STOCK (DIV) % PE 100s CLOSE CHG 129.35 47.22 RJW 3.00 2.4 15 18,967 ?? .34Explanation / Answer
a)
Today’s closing price = Stock dividend/ Dividend yield %
= 3/ 2.40%
= 125
Yesterday’s closing price = Today’s closing price – change
= 125- (-0.34)
= 125.34
b)
EPS = Stock price/ P/E ratio
= 125/15
= 8.3333
Net income = no. of shares outstanding x EPS
=22,000,000 x8.33
= 229166666.67
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