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 VOL 100s 47.72 RJW 2.10 25 1519,427 YLD % 52-WEEK STOCK (DIV) HI LO PE CLOSE CHG 89.32 ?2 -0.36 What was the closing price for this stock that appeared in yesterday's paper? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Yesterday's closing price. mmm 84.36 If the company currently has 24 million shares of stock outstanding, what was rlat income for the most recent four quarters? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16]) Net income

Explanation / Answer

dividend yield=2.5%

price today=2.10/2.5%=84

so price yestraday=84+0.36=84.36

the above is the answer

price to earnings=15

84/earnings per share=15

earnings per share=84/15=5.60 per share

net income=24000000*5.60=134400000

the above is the answer

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