The stockholders' equity section of Apple Inc.'s balance sheet is shown in the Consolidated Statement of Financial Position in Appendix A. The complete annual report, including the notes to its financial statements, is available at the company's website. 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, eg. 1.25310) Par or stated value per share $ (b) What percentage of Apple's authorized common stock was issued at September 30, 2017? (Round answer to 0 decimal places, eg. 17\%) Percentage of common stock issued How many shares of common stock were outstanding at September 24, 2016, and at September 30, 2017? (Enter the answers in thousand5.) (d) Calculate the payout ratio, earnings per share, and return on common stockholders' equity for 2017. (Round earnings per share to 2 decimal places, e.g. 15.12 and all other answers to 1 decimal places, eg. 12.5\%) Specimen Financial Statements: Apple Inc. Once each year, a corporation commusicates to its stockholders and other interestad parties by issuing a complete set of autited financial statements. The annual report, as this communication is ealled, sumanarixes the fibancial results of the company's operations for the year and its plans for the fature. Many annual reports are attractive, multicolored, elosy public relaticns pleces, contaiain pictures of corporate officers and directors as well as photos and deseriptions of new prodocts and new buildings. Yer the basic function of every annual report is to report firancial information, aimen all of which is a product of the corporation's acconating system. The content and organization of corporate anmual reports have became fsirly standantized. Fwcluding the public relations part of the report (pictures, products, ete), the folloning are the traditional financial portions of the asnual report - Finascial Hilishiliphts - Later to the Stockholders - Minagenen'e Discasion and Analyis - Manancial statemente - Notes to hhe Finandal Statementi - Managementis Fresponsibility for Financial Reporting - Management's Meport on Internal Costrol over Finascial Reporting - Report of Independent Registered Public Aecounting Firm - Selected Financial Data The official SEC filing of the annual report is called a Form 10-K, which often omits the poblic relations pieces found in most standard annual reports. On the followitar pages, we present Apple Apple Inc. CONSOLDATED STATEMENTS OF OPERATIONS (in millions, except number of thares which are retocted in thousands and per share amounts) CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in milions) See accompanying Notes to Consolidaled Financial Statements. Apple ins. CONSOUDATED BALANCE SHEETS (in milions, excopt number of sharbs which are reflected in thousands and par valuo) Bee aocompanying Notes to Coneolidated Finanolal Statements. See accompanying Notes to Consolidated Financial Statements. CONSOLDATED STATEMENTS OF CASH FLOWS (In millions) liventories Vendor non-trade receivables Other current and non-current assets Accounts payable Delerred revenue Other current and non-current liabilities Cash generated by operating activeies Investing actities: Purchases of marketable securties Proceeds trom maturites of markotable securifes Proceeds trom sales of marketable securties Payments made in connection with business acquistions, net Payments for acquisition of property, plant and equipment Paymonts for acquistion of intangible astets Payments for strategic invesiments, net Other Cath used in investing activites Financing activies: Proceeds trom issusnee gf common stock Excess tax beoefis trom equity awards Payments for taxes related to net ahare seltiement of eevily awards Payments for dvidends and dividend equivalesis Pepurchases of common stock Proceeds from issuance of tem debt, net Aeoayments of term dobt Change in commercial paper, net Cash used in financing activites Increase(Decrease) in cash and cash equevalents Cash and cash equivalents, end of the yeat Suppiemenal chsh flow dibclosure: Cash paid for incoene tazies, net Cask paid for interest