Financial Reporting Problem II

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.

Assignment Steps

Resources: Appendix A of Financial Accounting: Tools for Business Decision Making

Note: This is a two part assignment.

Part 1

Answer questions A-F in problem CT12-1 in Financial Accounting (p. 640).

Provide an 875-word analysis of your findings.

Includeconclusions concerning the management of the company's cash.

Part 2

Complete a 1,050-word summary of findings and recommendations from 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 28, 2013, and at September 27, 2014?
• Calculate the payout ratio, earnings per share, and return on common stockholders' equity for 2014.

Usethe Week 5 Excelspreadsheet andsubmitwith your analysis and summary.

Name Section Date Chapter 12 Financial Reporting Problem Apple Inc. 2014 (a) Net cash provided by operating activities (in millions) (b) (c) (d) (e) (f) 713 2013 713 cial Reporting Problem Apple Inc. 713 713