The financial statements of Apple Inc. for 2014 are presented in Appendix A Clic

Question

The financial statements of Apple Inc. for 2014 are presented in Appendix A Click here to view Appendix A Answer the following questions. What is the par or stated value per share of Apple's common stock? (Round answer to 5 decimal places, e.g 1.25310.,) Par or stated value per share s What percentage of Apple's authorized common stock was issued at September 27, 2014? (Round answer to o decimal places, e.g. 1796) Percentage of common stock issued How many shares of common stock were outstanding at September 28, 2013, and at September 27, 2014? (Enter the answers in thousands.) 2014 2013 Number of shares outstanding

Explanation / Answer

a) $0.00001

b) Issued percentage of authorized common stock = 5,866,161/12,600,000 = 47%

c) Shares of common stock outstanding at 2013 =6,294,494

Shares of common stock outstanding at 2014 = 5,866,161

d) Payout ratio = Dividend/Earnings = 1.82/6.49 = 28.04%

EPS = $6.49

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