Use Apple’s financial statements in Appendix A to answer the following.
1. How many shares of Apple common stock are issued and outstanding at
(a) September 28, 2019, and
(b) September 29, 2018?
2. What is the total amount of cash dividends paid to common stockholders for the years ended
(a) September 28, 2019, and
(b) September 29, 2018?
3. Identify basic EPS amounts for fiscal years (a) 2019 and (b) 2018.
4. Is the change in Apple’s EPS from 2018 to 2019 favorable or unfavorable?
5. If Apple buys back outstanding shares from investors, would you expect EPS to increase or decrease from the buyback?
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