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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.

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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. 52-WEEK VOLUME NET HI LO 40.06 24.36 STOCK (DIV) RJW 1.25 YLD % PE 100s CLOSE CHANGE 3.9 16 9 ?? -.35 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 15 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.) a. Yesterday's closing price b. Net income

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