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Problem 8 - 2 3 Using Stock Quotes [ LO 4 ] You have found the following stock quote for RJW Enterprises, Incorporated, in the

Problem 8-23 Using Stock Quotes [LO4]
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.,
32.16.)
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.,1,234,567.89.)
Answer is complete but not entirely correct.
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