Description
Part 1
Answer questions A-F in problem CT12-1 in Financial Accounting (p. 640).
Provide an 875-word analysis of your findings.
Include conclusions concerning the management of the company's cash.
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?
- What percentage of Apple's authorized common stock was issued at September 27, 2014?
- How many shares of common stock were outstanding at September 28, 2013, and at September 27, 2014?
- Calculate the payout ratio, earnings per share, and return on common stockholders' equity for 2014.
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Name
Section
Date
Chapter 12 Financial Reporting Prob
2014
(a)
Par or stated value per share of Apple's Common Stock
(b)
Authorized common stock
Outstanding common stock
Percentage of Common Stock issued
$
0.00001
12,600,000,000
5,866,161,000
46.56%
(c)
Shares of common stock outstanding
5,866,161,000
(d)
Dividend Declared
Net Income
Dividend Payout Ratio = Dividend Declared/Net Income
$
$
11,215
39,510
28.39%
Net Income
Weighted Common Shares Outstanding
EPS = Net Income/Common Shares Outstanding
$
39,510
6,085.572
6.49
Net Income
Average Stockholder's Equity
ROCE = Net Income/Average Stockholder's Equity
$
$
713
$
39,510
117,548
33.61%
Chapter 12 Financial Reporting Problem
Apple Inc.
2013
$
0.00001
6,294,494,000
713
Running head: STATEMENT OF CASH FLOW
Statement of Cash Flow of Apple, Inc.
Student’s Name
Professor’s Name
Course Name
Date Submitted
STATEMENT OF CASH FLOW
Introduction
Cash flow Statement is one of the most important and mandatory part of company’s
Financial Statements. This statement tells the source of company’s cash inflow and outflow
during a period. A statement of cash flow helps to determine the availability of cash to meet out
short term liabilities. This statement is very much similar to Income statement, with a difference
that while preparing Income Statement, non-cash transactions, such as Depreciation, Loss or gain
on Sale of Assets are also considered. The cash flow statement is divided in to three parts, which
are Operating Activities, Investing Activities and Financing Activities. An analysis of these three
categories of the statement of cash flow tells the final Inflow or Out flow of Cash. Cash flow
from operating activities determines the inflow or outflow of cash from the main business or
from its core business. The cash flow from investing activities determines the inflow or outflow
of cash from investing activities, like sale or purchase of Asset by the business during the period.
The Cash flow from financing activities determines the inflow or outflow of cash from financing
activities, like Issue of Common Stock, Dividend Paid, Redemption of Bonds.
In the given case, we are analyzing the cash flows statement for Apple, Inc.
a. What was the net cash provided by operating activities for the year ended September 27,
2014? For the year ended September 28, 2013?
The cash provided by operating activities for the year ended September 27, 2014 was
$59,713 million and for the fiscal year ended September 27, 2013 was $53666. It is observed that
the inflow of cash from operating activities has been increased by $6,047 million. It sh...
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