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Financial information for Apple Inc. (AAPL), The Coca-Cola Company (KO), and Verizon Communications (VZ) follows (in millions): Apple Coca-Cola Verizon Average debt maturing over
Financial information for Apple Inc. (AAPL), The Coca-Cola Company (KO), and Verizon Communications (VZ) follows (in millions): Apple Coca-Cola Verizon Average debt maturing over the next five years Net cash flows from operating activities $9,575 $3,576 $7,341 69,391 10,471 35,746 (10,495) (2,054) (17,939) Cash used to purchase property, plant, and equipment 1. Compute the free cash flow for each company. Enter answers in millions. Apple: $ 58,896 Coca-Cola: $ 8,417 Verizon: $ 17,807 2. Compute the cash flow adequacy ratio for each company. Round percentages to one decimal place. Apple: 3.5 X % Coca-Cola: 1.9 X % Verizon: 1.4 X %
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