A recent annual report for Apple Inc. contained the following information (dollars in millions): In 2017, Apple
Question:
A recent annual report for Apple Inc. contained the following information (dollars in millions):
In 2017, Apple declared and paid dividends equal to $2.40 per share. Approximately how much cash in total did Apple pay to stockholders for dividends in 2017?
Transcribed Image Text:
Stockholders' Equity 2017 Common stock and additional paid-in capital, $0.00001 par value, 12.6 billion shares authorized, 5.1 billion shares issued and outstanding Retained earnings $35,867 98,330
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51 billion shares outstanding x 240 per share 1224 billion Approxi...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-1259964947
10th edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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