current ratio
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter3: Financial Statements, Cash Flow, And Taxes
Section: Chapter Questions
Problem 19SP
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Question
Attached is the financial information for Apple Inc. Please answer questions 1 through 3 please.
1. What is Apple's
a. 1.08
b. 1.17
c. 1.29
d. 1.36
2. What is Apple's
a. 0.54
b. 0.66
c. 0.77
d. 0.83
3. What are Apple's purchases in 2021?
a. $175.19 billion
b. $167.31 billion
c. $170.09 billion
d. $215.5 billion
Transcribed Image Text:900699
8
20
21
22
Income Statement (all numbers in billions)
Sales
Cost of Goods Sold
Gross Profit
SG&A Exp.
Interest Expense
Income Before Tax
Income Tax Expense
Net Income
Cash Flow Statement (all numbers in billions)
Cash Flows from Operations
Cash Flows from Investing
Cash Flows from Financing
Number of Shares Outstanding (in billions)
Stock Price (12/31/2021)
Dividends per share for 2021
2020
274.15
170.14
104.01
38.67
2.87
67.09
9.68
57.41
2020
80.67
-4.29
-86.82
16.32
177.57
0.88
Balance Sheet (all numbers in billions)
365.82 Cash
212.98 Marketable Securities
152.84 Accounts Receivable
43.89 Inventory
2.65 Total Current Assets
109.21 Fixed Assets
14.53 Total Assets
94.68 Accounts Payable
Notes Payable
Total Current Liabilities
2021
Long-Term Debt
Total Liabilities
104.04 Retained Earnings
-14.55 Common Stock
-93.35 Total Equity
2021
2020
19.98
71
37.45
4.06
143.71
45.34
323.89
42.3
15.23
105.39
107.05
258.55
14.97
50.78
65.34
2021
26.91
35.73
51.51
6.58
134.84
49.53
351
54.76
17.14
125.48
119.38
287.91
5.56
57.37
63.09
+
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