Smith Enterprises recently was profiled on a financial information website and touted as a "hot" growth stock. You acquired the stock quote shown here from that website. Smith Enterprises (AMEX: SME)
Last Trade: 51.63 Day’s Range: 47.22 – 51.96
Trade Time: 4:00 PM ET 52wk Range: 25.48 – 60.71
One-Day Stock Return: 12.09% Volume: 1,419,317
Prev. Close: 46.06 Avg. Vol. (3m): 629,072
Open: 47.25 Market Cap: 1.63B
Bid: N/A P/E (ttm): 23.58
Ask: N/A EPS (ttm):
1y Target Est: 55.40 Div. & Yield: 0.20 (0.40%)
The last trade time is shown to be at 4:00 PM Eastern Time. The abbreviation “ttm” stands for “trailing twelve months,” and the number shown reflects data from the previous 12 months. The abbreviation “3m” reflects data from the previous 3 months.
What exchange does Smith Enterprises trade on?

Correct AMEX
SME
NASDAQ
DAX
FTSE
Points:
1 / 1
The top line of the stock quote shows the stock’s name, the exchange that it is traded on, and the ticker symbol. Therefore, Smith Enterprises trades on the American Stock Exchange (AMEX). FTSE is the share index of the 100 most highly capitalized UK companies listed on the London Stock Exchange, NASDAQ is the National Association of Securities Dealers Automated Quotation, and DAX is the Deutscher Aktien Index (German stock index). NASDAQ and AMEX are two domestic dealer exchanges that stocks trade on. SME is the ticker symbol for the company.
What is Smith’s earnings per share (EPS) for the trailing 12 months?

$1.67
$1.83
Correct $2.19
$2.03
$2.24
Points:
1 / 1
Earnings per share (EPS) is the firm’s net income divided by the number of outstanding shares. This data is not available from the stock quote; however, Smith’s current stock price and price-to-earnings (P/E) ratio are available. You can use the stock price and P/E ratio to calculate the EPS as follows:
P/E Ratio = Price per Share/EPS
23.58 = $51.63/EPS
EPS = $51.63/23.58
EPS = $2.19
How much did the price increase today over yesterday’s closing price?

$5.29
$5.22
$5.36
$5.50
Correct $5.57
Points:
1 / 1
At the close of yesterday’s trading, Smith’s stock price was $46.06 per share, and today it closed at $51.63. So the stock’s price increased by $5.57 per share in today’s trading, which is a one-day stock return of ($51.63 – $46.06)/$46.06 = 12.09%.
How heavy was the trading of Smith’s stock today relative to the normal level of trading?

Average trading
Incorrect Relatively light trading
Relatively heavy trading
Points:
0 / 1
The average daily trading volume for the previous three months is 629,072 shares. Today’s trading volume was 1,419,317, which is much more than the average daily volume. Therefore, today saw relatively heavy trading in Smith’s stock.