September 24, 2016 S Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 30, 2017 ASSETS Current assets Cash and cash equivalents $ 20.289 Short-term marketable securities 53,892 Accounts receivable, less allowances of $58 and $53, respectively 17,874 Inventories 4,855 Vendor non-trade receivables 17,799 Other current assets 13,936 Total current assets 128,645 Long-term marketable securities 194,714 Property, plant and equipment, net 33,783 Goodwill 5,717 Acquired intangible assets, net 2,298 Other non-current assets 10,162 Total assets $ 375,319 20,484 46,671 15,754 2,132 13,545 8,283 106,869 170,430 27,010 5,414 3,206 8.757 321,686 $ LIABILITIES AND SHAREHOLDERS' EQUITY $ $ 49,049 25.744 7,548 11.977 Current liabilities Accounts payable Accrued expenses Deferred revenue Commercial paper Current portion of long-term debt Total current liabilities Deferred revenue, non-current Long-term debt Other non-current liabilities Total liabilities Commitments and contingencies 6.496 100,814 2.836 97,207 40,415 241,272 37.294 22.027 8.080 8,105 3,500 79,006 2.930 75,427 36,074 193,437 Shareholders' equity Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 5,126,201 and 5,336,166 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income (loss) Total shareholders' equity Total liabilities and shareholders' equity 35,867 98.330 (150) 134,047 375,319 31,251 96,364 634 128.249 321.686 See accompanying Notes to Consolidated Financial Statements. Use Apple's financial statements in Appendix A to answer the following. Required: 1. How many shares of Apple common stock are issued and outstanding at (a) September 30, 2017, and (b) September 24, 2016? 2. What is the total amount of cash dividends paid to common stockholders for the years ended (a) September 30, 2017, and (b) September 24, 2016? 3. Identify basic EPS amounts for fiscal years (a) 2017 and (6) 2016. 4. Is Apple's EPS on a favorable or unfavorable trend from 2016 to 2017? 5. If Apple buys back outstanding shares from investors, would you expect EPS to increase or decrease from the buyback? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 How many shares of Apple common stock are issued and outstanding at (a) September 30, 2017, and (b) September 24, 2016? (Enter the number of shares in thousands.) Common Stock (a) September 30, 2017 (b) September 24, 2016 Frequired 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 What is the total amount of cash dividends paid to common stockholders for the years ended (a) September 30, 2017, and (b) September 24, 2016? (Enter your answers in millions.) Cash Dividends million (a) September 30, 2017 (b) September 24, 2016 million Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Identify basic EPS amounts for fiscal years (a) 2017 and (b) 2016. (Round your answers to 2 decimal places.) Basic EPS (a) 2017 (b) 2016 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Is Apple's EPS on a favorable or unfavorable trend from 2016 to 2017? Apple's EPS Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 If Apple buys back outstanding shares from investors, would you expect EPS to increase or decrease from the buyback? Would you expect EPS to increase or decrease from the buyback