ou found the following stock quote for DRK Enterprises, Incorporated, at your favorite website. You also found that the stock paid an annual dividend of $0.60, which resulted in a dividend yield of 1.2 percent. Assume the company has 50 million shares of stock outstanding and a PE ratio of 22. Company Symbol DAILY YTD 52 WEEK Volume Close Change % Change %6 Change High Low % Change DRK Enterprises DRK 18,649,130 7 7 0.26 0.45 % 8.73 % 78.19 51.74 11.0% What was net income for the most recent four quarters?

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 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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ou found the following stock quote for DRK Enterprises, Incorporated, at your favorite website. You also found that the stock paid an annual dividend of $0.60, which resulted in a dividend yield of 1.2 percent. Assume the company has 50 million shares
of stock outstanding and a PE ratio of 22.
Company Symbol DAILY YTD 52 WEEK
Volume Close Change % Change %6 Change High Low % Change
DRK Enterprises DRK 18,649,130 7 7 0.26 0.45 % 8.73 % 78.19 51.74 11.0%
What was net income for the most recent four quarters?
Transcribed Image Text:ou found the following stock quote for DRK Enterprises, Incorporated, at your favorite website. You also found that the stock paid an annual dividend of $0.60, which resulted in a dividend yield of 1.2 percent. Assume the company has 50 million shares of stock outstanding and a PE ratio of 22. Company Symbol DAILY YTD 52 WEEK Volume Close Change % Change %6 Change High Low % Change DRK Enterprises DRK 18,649,130 7 7 0.26 0.45 % 8.73 % 78.19 51.74 11.0% What was net income for the most recent four quarters?
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