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?
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.