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The common stock of KRJ Enterprises is currently selling for $33.97 per share. Last year the company reported net income of $285 million. Included on
The common stock of KRJ Enterprises is currently selling for $33.97 per share. Last year the company reported net income of $285 million. Included on its income statement was total depreciation expense of $90 million. On its cash flow statement the company reported cash flow from operations of $314 million. There were 79 million shares of common stock outstanding. Using the proxy for cash flow, what is the company's cash flow per share? Present your answer to two decimal places. e.g. $20.00.
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