Question

If any work can be done on a BA 2 Plus calculator please include that.

You have found the following stock quote for RJW Enterprises, Inc., in the financial pages of today's newspaper. NET 52-WEEK HILO 10 92.13 47.97 STOCK (DIV) RJW 2.20 YLD % 2.5 PE 15 VOL 100S 19,657 CLOSE ?? CHG - .49 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.) Yesterday's closing price 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, e.g., 1,234,567. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Net income $ O

Answer 1

a. Price = Dividend/yield

=2.2/0.025=88

b. EPS = Price/(P/E) =88/15=5.86666667

Net income = EPS*shares outstanding =5.86666667*25000000=146666666.75