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.

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 $16$ 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$.,1,234,567\mathrm{.}89.$

Answer is complete but not entirely correct.