ACC/291 Principles of Accounting II

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.

Use the Week 5 Excel® spreadsheet and submit with your analysis and summary.