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You found the following stock quote for DRK Enterprises, Inc., at your favorite website. You also...

You found the following stock quote for DRK Enterprises, Inc., at your favorite website. You also found that the stock paid an annual dividend of $.93, which resulted in a dividend yield of 2.5 percent. Assume the company has 80 million shares of stock outstanding and a P/E ratio of 27.

DAILY YTD
  Company Symbol Vol Close Chg %Chg %Chg
  DRK Enterprises DRK 18,649,130 ?? .26 .45% 8.73%

What was net income for the most recent four quarters? (Do not round intermediate calculations. Round your answer to the nearest whole number.)

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Answer #1

Calculate the net income as follows $0.93 2.50% $37.20 13 Annual dividend 14 Dividend vield 15 16 17 P/E ratio 18 Shares out standing 19 EPS 20 Net income Current stock price 27 80000000 $1.377778 $110,222,222 Formulas 13 Annual dividend 0.93 14 Dividend yield 15 Current stock price B13/B14 16 17 P/E ratio 18 Shares out standing 80 1000000 19 EPS 20 Net income 0.025 27 B15/B17 -B19*B18

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