You found the following stock quote for DRK Enterprises, Incorporated, at your favorite website. You also found that the stock paid an annual dividend of $1.24, which resulted in a dividend yield of 2.3 percent. Assume the company has 93 million shares of stock outstanding and a PE ratio of 16. Company DRK Enterprises Symbol Volume DRK 18,649,130 Net income DAILY Close ?? Change 0.26 Change 0.45% YTD Change 8.73% High 78.19 What was net income for the most recent four quarters? Note: Do not round intermediate calculations. Round your answer to the nearest whole number. 52 WEEK Low 51.74 Change 11.0%

You found the following stock quote for DRK Enterprises, Incorporated, at your favorite website. You also found that the stock paid an annual dividend of $1.24, which resulted in a dividend yield of 2.3 percent. Assume the company has 93 million shares of stock outstanding and a PE ratio of 16. Company DRK Enterprises Symbol Volume DRK 18,649,130 Net income DAILY Close ?? Change 0.26 Change 0.45% YTD Change 8.73% High 78.19 What was net income for the most recent four quarters? Note: Do not round intermediate calculations. Round your answer to the nearest whole number. 52 WEEK Low 51.74 Change 11.0%

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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