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Use Apple's financial statements in Appendix A to answer the following. 1. How many shares of Apple common stock are issued and outstanding at (a)
Use Apple's financial statements in Appendix A to answer the following. 1. How many shares of Apple common stock are issued and outstanding at (a) September 28, 2019, and (b) September 29, 2018? 2. What is the total amount of cash dividends paid to common stockholders for the years ended (a) September 28, 2019, and (b) September 29, 2018? 3. Identify basic earnings per share (EPS) amounts for fiscal years (a) 2019 and (b) 2018. 4. Is Apple's earnings per share (EPS) on a favorable or unfavorable trend from 2018 to 2019? 5. If Apple buys back outstanding shares from investors, would you expect earnings per share (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 What is the total amount of cash dividends paid to common stockholders for the years ended (a) September 28, 2019, and 1 (b) September 29, 2018? (Enter your answers in millions.) Cash Dividends (a) September 28, 2019 (b) September 29, 2018 million million Use Apple's financial statements in Appendix A to answer the following. 1. How many shares of Apple common stock are issued and outstanding at (a) September 28, 2019, and (b) September 29, 2018? 2. What is the total amount of cash dividends paid to common stockholders for the years ended (a) September 28, 2019, and (b) September 29, 2018? 3. Identify basic earnings per share (EPS) amounts for fiscal years (a) 2019 and (b) 2018. 4. Is Apple's earnings per share (EPS) on a favorable or unfavorable trend from 2018 to 2019? 5. If Apple buys back outstanding shares from investors, would you expect earnings per share (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 Identify basic EPS amounts for fiscal years (a) 2019 and (b) 2018. (Round your answers to 2 decimal places.) Basic EPS (a) 2019) (b) 2018 Current assets Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) Cash and cash equivalents Marketable securities Accounts receivable, net Inventories Vendor non-trade receivables Other current assets Total current assets Non-current assets Marketable securities Property, plant and equipment, net Other non-current assets Total non-current assets Total assets Current liabilities Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities ASSETS September 28, 2019 September 29, 2018 48,844 25,913 51,713 40,388 22,926 23,186 4,106 3,956 22,878 25,809 12,352 12,087 162,819 131,339 105,341 170,799 37,378 41,304 32,978 22,283 175,697 234,386 338,516 365,725 LIABILITIES AND SHAREHOLDERS' EQUITY 46,236 55,888 37,720 33,327 5,522 5,966 5,980 11,964 10,260 8,784 105,7181 115,929 Current liabilities Accounts payable Other current liabilities Deferred revenue Commercial paper Term debt Total current liabilities Non-current liabilities Term debt Other non-current liabilities Total non-current liabilities Total liabilities LIABILITIES AND SHAREHOLDERS' EQUITY 46,236 55,888 37,720 33.327 5,522 5,966 5,980 11,964 10,260 8,784. 105,718 115,929 91,807 93,735 50,503 48,914 142,310 142,649 248,028 258,578 Commitments and contingencies Shareholders' equity Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 4,443,236 and 4,754,986 shares issued and outstanding, respectively 45,174 40,201 Retained earnings 45,898 70,400 Accumulated other comprehensive income (loss) Total shareholders' equity Total liabilities and shareholders' equity (584) (3,454) 90,488 107,147 338,516 365,725
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