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The financial statements of Apple Inc. for 2014 are presented in Appendix A. Answer the following questions. (a) What is the par or stated value
The financial statements of Apple Inc. for 2014 are presented in Appendix A. Answer the following questions. (a) What is the par or stated value per share of Apple's common stock? (Round answer to 5 decimal places, e.g. 1.25310.) Par or stated value per share $ ___________________ (b) What percentage of Apple's authorized common stock was issued at September 27, 2014? (Round answer to 0 decimal places, e.g. 17%) Percentage of common stock issued _____________% (c) How many shares of common stock were outstanding at September 28, 2013, and at September 27, 2014? (Enter the answers in thousands.) 2014 2013 Number of shares outstanding ___________ _______________ (d) Calculate the payout ratio, earnings per share, and return on common stockholders' equity for 2014. (Round earnings per share to 2 decimal places, e.g. 15.12 and all other answers to 1 decimal places, e.g. 12.5%.) Payout ratio ________________% Earnings per share _________% Return on common stockholders' equity __________________%
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