Problem 8-23 Using Stock Quotes [LO4]

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

52-WEEK		STOCK (DIV)		YLD %	PE	VOLUME 100s	CLOSE	NET CHANGE
HI	LO
55.15	33.53	RJW	1.50	3.4	21	10	??	.45

a.	What was the closing price for this stock that appeared in yesterdays paper? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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., 1,234,567.89.)