Use Apples financial statements in Appendix A to answer the following. 1. How many shares of Apple

Question:

Use Apple’s financial statements in Appendix A to answer the following.

1. How many shares of Apple common stock are issued and outstanding at (a) September 24, 2016, and (b) September 26, 2015?

2. What is the total amount of cash dividends paid to common stockholders for the years ended (a) September 24, 2016, and (b) September 26, 2015?

3. Identify basic EPS amounts for fiscal years (a) 2016 and (b) 2015.

4. Is Apple’s EPS on a favorable or unfavorable trend from 2015 to 2016?

5. If Apple buys back outstanding shares from investors, would you expect EPS to increase or decrease from the buyback?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Common Stock
Common 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...

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