You have found the following stock quote for RJW Enterprises, Incorporated, in thefinancial pages of today's newspaper.YTDNet%ChangeStock-1.1 RJW EnterprisesSYMRWJYLDPELast Change2.51584.00 -.36a. What is the annual dividend? (Do not round intermediate calculations and roundyour answer to 2 decimal places, e.g., 32.16.)b. What was the closing price for this stock that appeared in yesterday's paper? (Do notround intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)c. If the company currently has 24 million shares of stock outstanding, what was netincome for the most recent four quarters? (Do not round intermediate calculationsand enter your answer in dollars, not millions of dollars, rounded to 2 decimalplaces, e.g., 1,234,567.89.)a. Annual dividendb. Yesterday's closing pricec. Net income

Step 1:a) Annual Dividend = Dividend Yield (YLD ) X Current stock price = 2.5% x $84 =…

Answered: You have found the following stock…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 2MAD

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You have found the following stock quote for RJW Enterprises, Incorporated, in the financial pages of today's newspaper. YTD %Change Stock SYM −1.1 RJW Enterprises RWJ YLD 2.0 PE 15 a. Annual dividend b. Yesterday's closing price c. Net income Net Last Change 140.00 -.43 a. What is the annual dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. 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.) c. If the company currently has 31 million shares of stock outstanding, what was net income for the most recent four quarters? (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.)
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