Apple Inc., has the following abridged financial statement information for fiscal year 2019 and 2020 ($ in billions):

Income Statement	2019	2020	Balance Sheet	2019	2020
Sales	259.97	274.15	Cash	28.12	19.98
Cost of Goods Sold	162.26	170.14	Marketable Securities	72.46	71
Gross Profit	97.71	104.01	Accounts Receivable	45.8	37.45
SG&A Exp.	34.46	38.67	Inventory	4.11	4.06
Interest Expense	3.58	2.87	Total Current Assets	162.82	143.71
Income Before Tax	65.74	67.09	Fixed Assets	37.38	45.34
Income Tax Expense	10.48	9.68	Total Assets	338.52	323.89
Net Income	55.26	57.41	Accounts Payable	46.24	42.3
			Notes Payable	16.24	15.23
			Total Current Liabilities	105.72	105.39
			Long-Term Debt	91.81	107.05
Cash Flow Statement	2019	2020	Total Liabilities	248.03	258.55
Cash Flows from Operations	69.39	80.67	Retained Earnings	45.9	14.97
Cash Flows from Investing	45.9	-4.29	Common Equity	90.49	65.34
Cash Flows from Financing	-90.98	-86.82	Total Equity	90.49	65.34

On 12/31/2020, Apple had 16,790,000,000 shares outstanding and stock price of $132.69. Apple issued dividends $0.84 per share.

Apple's dividend yield on 12/31/2020 is _____.

Answer rating: 100% (QA)

To calculate Apples dividend yield on December 31 2020 we need to determine ... View the full answer