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 final answer to 2 decimal places. (e.g., 32.16))

If the company currently has 25 million shares of stock outstanding, what was net 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))

You have found the following stock quote for RJW Enterprises, Inc., in the financial pages of today’s newspaper.

Explanation / Answer

Share price = Dividend paid / Dividend yield

= 1.28 / 2.1% = 60.95 + 0.23

Yesterdays close price = 60.95 + 0.23 = 61.18

PE = Price of share / EPS

21 = 60.95 / EPS

EPS = 2.90

Net income = EPS * Number of shares = 2.90 * 25 Million = 72.50 Million Dollars

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