Problem $8-23$ Using Stock Quotes $[$LO$4]$

You have found the following stock quote for RJW Enterprises, Incorporated, in the financial pages of today$$s newspaper.

$52-$WEEK STOCK $($DIV$)$ YLD $\%$ PE VOLUME $100$s CLOSE NET CHANGE

HI LO

$55\mathrm{.}1533\mathrm{.}53$ RJW $1\mathrm{.}503\mathrm{.}42110??\mathrm{.}45$

a$.$

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$.,32\mathrm{.}16.)$

b$.$ If the company currently has $20$ 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$.,1,234,567\mathrm{.}89.)$