Problem 8-23 Using Stock Quotes [LO4] You have found the following stock quote for RJW Enterprises, Incorporated, in the financial pages of today's newspaper. 52-WEEK HI LO 42.76 26.00 STOCK (DIV) RJW 1.30 YLD % PE 3.8 17 VOLUME 100s 9 NET CLOSE CHANGE ?? -.37 a. 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.) b. If the company currently has 16 million shares of stock outstanding, what was net income for the most recent four quarters? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) a. Yesterday's closing price b. Net income
Problem 8-23 Using Stock Quotes [LO4] You have found the following stock quote for RJW Enterprises, Incorporated, in the financial pages of today's newspaper. 52-WEEK HI LO 42.76 26.00 STOCK (DIV) RJW 1.30 YLD % PE 3.8 17 VOLUME 100s 9 NET CLOSE CHANGE ?? -.37 a. 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.) b. If the company currently has 16 million shares of stock outstanding, what was net income for the most recent four quarters? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89.) a. Yesterday's closing price b. Net income
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter14: Distributions To Shareholders:dividends And Share Repurchases
Section: Chapter Questions
Problem 5TCL
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![Problem 8-23 Using Stock Quotes [LO4]
You have found the following stock quote for RJW Enterprises, Incorporated, in the
financial pages of today's newspaper.
52-WEEK
HI
LO
42.76 26.00
STOCK (DIV)
RJW 1.30
YLD % PE
3.8
17
VOLUME
100s
9
NET
CLOSE CHANGE
??
-.37
a. 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.)
b. If the company currently has 16 million shares of stock outstanding, what was net
income for the most recent four quarters? (Do not round intermediate calculations
and enter your answer in dollars, not millions of dollars, rounded to 2 decimal
places, e.g., 1,234,567.89.)
a. Yesterday's closing price
b. Net income](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F367d59f6-0449-4d89-8e99-ffee24a37072%2Fc52dcf0a-bc4b-46f4-8894-3a637aaee75b%2Fwerutvs_processed.png&w=3840&q=75)
Transcribed Image Text:Problem 8-23 Using Stock Quotes [LO4]
You have found the following stock quote for RJW Enterprises, Incorporated, in the
financial pages of today's newspaper.
52-WEEK
HI
LO
42.76 26.00
STOCK (DIV)
RJW 1.30
YLD % PE
3.8
17
VOLUME
100s
9
NET
CLOSE CHANGE
??
-.37
a. 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.)
b. If the company currently has 16 million shares of stock outstanding, what was net
income for the most recent four quarters? (Do not round intermediate calculations
and enter your answer in dollars, not millions of dollars, rounded to 2 decimal
places, e.g., 1,234,567.89.)
a. Yesterday's closing price
b. Net income
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