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 STOCK (DIV) 137.50 83.60 RJW 2.20 YLD % PE VOLUME 100s CLOSE NET CHANGE 2.0 21 10 ?? -.73 a. What was the closing price for this stock that appeared in yesterday's paper? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. If the company currently has 15 million shares of stock outstanding, what was net income for the most recent four quarters? Note: 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. Answer is complete but not entirely correct. a. Yesterday's closing price $ 110.73 b. Net income $ 33,000,000.00 Return to question

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
8th Edition
ISBN:9781285065137
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter8: Risk And Rates Of Return
Section: Chapter Questions
Problem 4DQ: Select one of the four stocks listed in Question 3 by entering the companys ticker symbol on the...
icon
Related questions
Question

sh.1

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 STOCK (DIV)
137.50 83.60 RJW 2.20
YLD % PE VOLUME 100s CLOSE NET CHANGE
2.0 21
10
??
-.73
a. What was the closing price for this stock that appeared in yesterday's paper?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
b. If the company currently has 15 million shares of stock outstanding, what was net income for the most recent four quarters?
Note: 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.
Answer is complete but not entirely correct.
a. Yesterday's closing price
$
110.73
b. Net income
$
33,000,000.00
Return to question
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 STOCK (DIV) 137.50 83.60 RJW 2.20 YLD % PE VOLUME 100s CLOSE NET CHANGE 2.0 21 10 ?? -.73 a. What was the closing price for this stock that appeared in yesterday's paper? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. If the company currently has 15 million shares of stock outstanding, what was net income for the most recent four quarters? Note: 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. Answer is complete but not entirely correct. a. Yesterday's closing price $ 110.73 b. Net income $ 33,000,000.00 Return to question
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Fundamentals of Financial Management, Concise Edi…
Fundamentals of Financial Management, Concise Edi…
Finance
ISBN:
9781285065137
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Fundamentals of Financial Management, Concise Edi…
Fundamentals of Financial Management, Concise Edi…
Finance
ISBN:
9781305635937
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Fundamentals Of Financial Management, Concise Edi…
Fundamentals Of Financial Management, Concise Edi…
Finance
ISBN:
9781337902571
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning