You have found the following stock quote for RJW Enterprises, Inc., in the finan

Question

You have found the following stock quote for RJW Enterprises, Inc., in the financial pages of today's newspaper. The closing price for this stock that appeared in yesterday's paper was $ ___________. (Round your answer to 2 decimal places. (e.g., 32.16).

If the company currently has 18 million shares of stock outstanding, the net income for the most recent four quarters was $____________________. (Round your answer to the nearest whole dollar amount. (e.g., 32)

YTD % CHG = 8.6
STOCK (DIV) = RJW Enterp.
SYM = RJW
YLD = 0.35
PE = 17
LAST = 40
NET CHG = -2.7

Explanation / Answer

40+2.7=42.70 YTD %CHG=8.6 LAST=40 ==> P = 40/1.086=36.83 and P/E=17 ==> E=P/17=36.83/17=2.17 NI= 2.17*18,000,000=39,060,000

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