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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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