Locate the 10-K for Apple for September, 2021. Apple filed its most recent 10-K on October 29, 2021, Type Apple investor relations into a search engine such as Chrome. In your results you should see something like the following.

Select the PDF format for the 10-K filed October 29, 2021. This is not the year end. This is the date the report was filed with the SEC.

1. Apple uses a 52-53 week year end that doesnt always end on the last day of a month. What is the exact balance sheet date of Apples most recent year end? _______________

2. Apple rounds it financial statements to the nearest ____________.

3. Locate the income statement. Apple calls this the Consolidated Statements of Operations. Compute the gross profit for each of Apples two sources of revenues. Show your computations.

Gross profit for Products:

_______________ $ ___________

_______________ $ ___________

Gross Profit $ ___________

Gross profit for Services:

_______________ $ ___________

_______________ $ ___________

Gross Profit $ ___________

4. I am assuming you are familiar with Apple. Write a short paragraph describing what new information the gross profit computations are providing you about Apples business model and operations? ___________________________________________________________________________

_________________________________________________________________________________________________________________________________________________________________________________________________________________________________

5. What is the Earnings per share (EPS) Basic amount for the most recent year end? ________

6. What is the par value of the Common Stock? ________