Question
Apple Inc., has the following abridged financial statement information for fiscal year 2019 and 2020 ($ in billions): Income Statement 2019 2020 Balance Sheet 2019
Apple Inc., has the following abridged financial statement information for fiscal year 2019 and 2020 ($ in billions):
Income Statement | 2019 | 2020 | Balance Sheet | 2019 | 2020 |
Sales | 259.97 | 274.15 | Cash | 28.12 | 19.98 |
Cost of Goods Sold | 162.26 | 170.14 | Marketable Securities | 72.46 | 71 |
Gross Profit | 97.71 | 104.01 | Accounts Receivable | 45.8 | 37.45 |
SG&A Exp. | 34.46 | 38.67 | Inventory | 4.11 | 4.06 |
Interest Expense | 3.58 | 2.87 | Total Current Assets | 162.82 | 143.71 |
Income Before Tax | 65.74 | 67.09 | Fixed Assets | 37.38 | 45.34 |
Income Tax Expense | 10.48 | 9.68 | Total Assets | 338.52 | 323.89 |
Net Income | 55.26 | 57.41 | Accounts Payable | 46.24 | 42.3 |
Notes Payable | 16.24 | 15.23 | |||
Total Current Liabilities | 105.72 | 105.39 | |||
Long-Term Debt | 91.81 | 107.05 | |||
Cash Flow Statement | 2019 | 2020 | Total Liabilities | 248.03 | 258.55 |
Cash Flows from Operations | 69.39 | 80.67 | Retained Earnings | 45.9 | 14.97 |
Cash Flows from Investing | 45.9 | -4.29 | Common Equity | 90.49 | 65.34 |
Cash Flows from Financing | -90.98 | -86.82 | Total Equity | 90.49 | 65.34 |
On 12/31/2020, Apple had 16,790,000,000 shares outstanding and stock price of $132.69. Apple issued dividends $0.84 per share.
Apple's dividend yield on 12/31/2020 is _____.
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