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Find the most recent 10Q or 10K (whichever is most recent) and click on documents. Then click on the link associated with the filing to
Find the most recent 10Q or 10K (whichever is most recent) and click on documents. Then click on the link associated with the filing to bring up the report. Based on the information presented, answer the following questions:
- What are the number of shares outstanding? What is the current market cap? (i.e., shares outstanding x current share price)? Hint - remember that market cap is generally in millions or billions while share prices quotes are not. You will need to find a quote for AAPL and include the date of the price quote.
- Go to Apple's balance sheet for themostrecentlycompletedquarter(within the "financials" tab). What is the date of the balance sheet?
- How much cash and investments (current and non-current) does the company have? What percentage of the total asset base of the company did these balances represent?
- Comment on Apple's holdings of cash and investments (these types of holdings represent non-operating assets). What potential benefits exist due these holdings? What potential concerns are created by these holdings?
- Go tohttps://www.sec.gov/edgar/searchedgar/companysearch.html. Type in Apple or "AAPL" in search box at top of the page.
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As of the latest 10Q filed on November 1 2021 the number of shares outstanding for Apple is 16785700000 With a closing share price of 15436 on Novembe...Get Instant Access to Expert-Tailored Solutions
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