Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Shown below is some information from Apple Inc.'s financial statements at the end of various years. All amounts are shown in U.S. $ millions. 2018

image text in transcribed

Shown below is some information from Apple Inc.'s financial statements at the end of various years. All amounts are shown in U.S. $ millions. 2018 2010 2005 Cash provided by operating cash flows Cash provided (used) by investing cash flows Cash provided (used) by financing cash flows Capital expenditures paid during the year Dividends paid during the year $77,434 16,066 (87,876) 13,313 13,712 $18,595 (13,854) 1,257 2,759 $2,535 (2,556) 543 281 0 0 (b) Calculate the free cash flow for each year and free cash flow as a percentage of operating cash flow. (Round Percentage of operating cash flow to 1 decimal place, e.g. 15.1.) 2018 2010 2005 Free cash flow $ $ $ As a % of cash from operating cash flows % % % Is the change in free cash flow as a percentage of operating cash flow consistent with your conclusion of what stage of its corporate life cycle Apple was at in each of the years shown above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sustainability Accounting And Accountability

Authors: Matias Laine, Helen Tregidga, Jeffrey Unerman

3rd Edition

1032023104, 9781032023106

More Books

Students also viewed these Accounting questions

Question

How can shareholders expropriate wealth from bondholders?

Answered: 1 week ago

Question

What is your theoretical orientation? (For Applied Programs Only)

Answered: 1 week ago