You found the following stock quote for DRK Enterprises, Incorporated, at your favorite website. You also found that the stock paid an annual dividend of $1.24, which resulted in a dividend yield of 2.3 percent. Assume the company has 93 million shares of stock outstanding and a PE ratio of 16. Company DRK Enterprises Symbol Volume DRK 18,649,130 Net income DAILY Close ?? Change 0.26 Change 0.45% YTD Change 8.73% High 78.19 What was net income for the most recent four quarters? Note: Do not round intermediate calculations. Round your answer to the nearest whole number. 52 WEEK Low 51.74 Change 11.0%
You found the following stock quote for DRK Enterprises, Incorporated, at your favorite website. You also found that the stock paid an annual dividend of $1.24, which resulted in a dividend yield of 2.3 percent. Assume the company has 93 million shares of stock outstanding and a PE ratio of 16. Company DRK Enterprises Symbol Volume DRK 18,649,130 Net income DAILY Close ?? Change 0.26 Change 0.45% YTD Change 8.73% High 78.19 What was net income for the most recent four quarters? Note: Do not round intermediate calculations. Round your answer to the nearest whole number. 52 WEEK Low 51.74 Change 11.0%
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 4 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub