Assume you found the following stock quote for DRK Enterprises, Inc., at your favorite Web site. You also found that the stock paid an annual dividend of $.89, which resulted in a dividend yield of 1.6 percent. Assume the company has 92 million shares of stock outstanding and a P/E ratio of 21. CompanySymbolVolCloseChg%Chg%Chg
DRK EnterprisesDRK18,649,130??.26.45%8. 73%
What was net income for the most recent four quarters?

$234,690,475.84

Explanation:

Dividend yiedl = Annual dividend / Stock price

1.6% = $0.89 / Stock price

Stock price = $0.89/0.016

Stock price = $55.625

P/E Ratio = Stock price / EPS

21 = $55.625 / EPS

EPS = $55.625 /21

EPS = $2.6488

Net income = EPS * No of shares outstanding

Net income = $2.6488 * 92,000,000

Net income = $234,690,475.84

Therefore, the net income for the most recent four quarters is $234,690,475.84

answer; buyer guide;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.