Purpose of Assignment
The purpose of this assignment is to expose you to the basic process involved in the analysis of the cash flow statement.
Resources: Appendix A of Financial Accounting: Tools for Business Decision Making
Note: This is a two part assignment.
Answer questions A-F in problem CT12-1 in Financial Accounting (p. 640).
Answer the following questions:
- What is the par or stated value per share of Apple’s common stock?
- What percentage of Apple’s authorized common stock was issued at September 27, 2014?
- How many shares of common stock were outstanding at September 27, 2014, and at September 28, 2013?
- Calculate the payout ratio, earnings per share, and return on common stockholders’ equity for 2014.
Complete a 200-word summary concerning the management of the company’s cash from Part I and findings and recommendations from the Part II questions.
Use the Week 5 ExcelÂ® spreadsheet.
I have attached the Appendix A data.
Also have attached the Excel that needs to be used to fill out the answers to all the questions.