Dividend amounts not split adjusted.

Declared Record Payable Amount Type

May 1, 2018 May 14, 2018 May 17, 2018 $.73 Regular Cash

Feb 1, 2018 Feb 12, 2018 Feb 15, 2018 $.63 Regular Cash

Nov 2, 2017 Nov 13, 2017 Nov 16, 2017 $.63 Regular Cash

Aug 1, 2017 Aug 14, 2017 Aug 17, 2017 $.63 Regular Cash

May 2, 2017 May 15, 2017 May 18, 2017 $.63 Regular Cash

Jan 31, 2017 Feb 13, 2017 Feb 16, 2017 $.57 Regular Cash

Period Ending	9/30/2017
Cash And Cash Equivalents	20,289,000
Short Term Investments	53,892,000
Net Receivables	35,673,000
Inventory	4,855,000
Other Current Assets	13,936,000
Total Current Assets	128,645,000
Long Term Investments	194,714,000
Property Plant and Equipment	33,783,000
Goodwill	5,717,000
Intangible Assets	2,298,000
Accumulated Amortization	-
Other Assets	10,162,000
Deferred Long Term Asset Charges	-
Total Assets	375,319,000
Accounts Payable	74,793,000
Short/Current Long Term Debt	18,473,000
Other Current Liabilities	7,548,000
Total Current Liabilities	100,814,000
Long Term Debt	97,207,000
Other Liabilities	40,415,000
Deferred Long Term Liability Charges	2,836,000
Minority Interest	-
Negative Goodwill	-
Total Liabilities	241,272,000
Misc. Stocks Options Warrants	-
Redeemable Preferred Stock	-
Preferred Stock	-
Common Stock	35,867,000
Retained Earnings	98,330,000
Treasury Stock	-
Capital Surplus	-
Other Stockholder Equity	-150,000
Total Stockholder Equity	134,047,000
Net Tangible Assets	126,032,000

Apple Inc. Apple Inc is the currently the largest company in the S&P 500 Index. Apple has grown from a computer company to a global consumer electronics to its produ primary product, the iPhone sales and services are now over 60% of Apple sales, Apple has experienced huge growth on a global scale primarily due to the iPhone company. The company's recent rise is due ct innovation, especially in the cellular phone market. With the iPhone being the Assumptions: Without recent innovation on a large scale at Apple, the iPhone sales is expected to grow at 20% for the next 3 years. After 3 years analysts are forecasting that phones sales will slow down due to market saturation. Apple sales will finally flatten out to a long-term growth rate of 7% in perpetuity. 1. Calculate the most recent financial ratios for Apple Computer YOU MUST SHOW YOUR CALCUALTIONS TO RECEIVE CREDIT 1. Current Ratio 2. Quick Ratio 3. Debt Ratio 4. Debt to Equity Ratio 5. Times Interest Earned 6. Net Profit Margin 7. Dupont Analysis (ROE expanded) 2. Find the most recent annual dividend paid. You may find it on the Apple website or on finance websites like Google Finance or CNBC.com. You will need to add up the trailing for quarters of dividends to find the annual dividend. Use the dividend discount model in the Stock Valuation chapter to find the value of Apple. Use only dividends in your analysis, don't use cash flows or accounting earnings. Remember the trailing annual dividend is DO. Calculate Apple's most recent Operating Cash flow and Free Cash Flow using the formulas from the Financial Statement Analysis chapter. SHOW YOUR CALUCULATIONS. 3. Apple Inc. Apple Inc is the currently the largest company in the S&P 500 Index. Apple has grown from a computer company to a global consumer electronics to its produ primary product, the iPhone sales and services are now over 60% of Apple sales, Apple has experienced huge growth on a global scale primarily due to the iPhone company. The company's recent rise is due ct innovation, especially in the cellular phone market. With the iPhone being the Assumptions: Without recent innovation on a large scale at Apple, the iPhone sales is expected to grow at 20% for the next 3 years. After 3 years analysts are forecasting that phones sales will slow down due to market saturation. Apple sales will finally flatten out to a long-term growth rate of 7% in perpetuity. 1. Calculate the most recent financial ratios for Apple Computer YOU MUST SHOW YOUR CALCUALTIONS TO RECEIVE CREDIT 1. Current Ratio 2. Quick Ratio 3. Debt Ratio 4. Debt to Equity Ratio 5. Times Interest Earned 6. Net Profit Margin 7. Dupont Analysis (ROE expanded) 2. Find the most recent annual dividend paid. You may find it on the Apple website or on finance websites like Google Finance or CNBC.com. You will need to add up the trailing for quarters of dividends to find the annual dividend. Use the dividend discount model in the Stock Valuation chapter to find the value of Apple. Use only dividends in your analysis, don't use cash flows or accounting earnings. Remember the trailing annual dividend is DO. Calculate Apple's most recent Operating Cash flow and Free Cash Flow using the formulas from the Financial Statement Analysis chapter. SHOW YOUR CALUCULATIONS. 3