The stockholders equity section of Apple Inc.s balance sheet is shown in the Consolidated Statement of Financial
Question:
The stockholders’ equity section of Apple Inc.’s balance sheet is shown in the Consolidated Statement of Financial Position in Appendix A. The complete annual report, including the notes to its financial statements, is available at the company’s website.
Instructions
Answer the following questions.
a. What is the par or stated value per share of Apple’s common stock?
b. What percentage of Apple’s authorized common stock was issued at September 30, 2017? (Round to the nearest full percent.)
c. How many shares of common stock were outstanding at September 24, 2016, and at September 30, 2017?
d. Calculate the payout ratio, earnings per share, and return on common stockholders’ equity for 2017.
Common StockCommon stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Step by Step Answer:
a The common stock has a par value of 000001 per ...View the full answer
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119493631
9th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
