08 May Financial Reporting Problem II – Part 2
Complete a 1,050-word summary of findings and recommendations from the following questions:
What is the par or stated value per share of Apple’s common stock?
Apple Inc. has a par or stated value of common stock of $0.00001.
What percentage of Apple’s authorized common stock was issued at September 27, 2014?
Apple Inc. has a total of 12,600,000,000 shares of authorized common stock. The number of issued and outstanding shares Apple Inc. has as of September 27, 2014, is 5,866,161,000. The number of shares issued (5,866,161,000) divided by the total number of authorized common stock (12,600,000,000) is how to calculate the percentage of authorized common stock issues. 5,866,161,000/12,600,000,000 = .4656. Then multiply .4656 by 100 to find the percentage. As of fiscal year ending September 27, 2014, 46.56% of Apple Inc.’s authorized common stock has been issued.
How many shares of common stock were outstanding at September 28, 2013, and at September 27, 2014?
5,866,161,000 shares of common stock were outstanding on September 28, 2013. On September 27, 2014, there were 6,294,494,000 shares of common stock outstanding.
Calculate the payout ratio, earnings per share, and return on common stockholders’ equity for 2014.
To calculate to payout ratio we will take the total dividend and divide it by net income then multiply by 100. To total divided in 2014 was $11,215 million and total net income was$39,510 million.
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