Attached is Apple Inc.'s financial information. Please answer questions 1-3. 1. Apple's return on total equity ratio for 2021 is a. 1.47 b. 0.89 c. 0.74d. 1.65 2. Apple's dividend payout ratio in 2021 is a. 24.57% b. 15.17% c. 37.38% d. 43.26% 3. Apple's sustainable equity growth rate in 2021 is a. 0.69 b. 1.47 c. 1.25d. 0.56 9006998202122Income Statement (all numbers in billions)SalesCost of Goods SoldGross ProfitSG&A Exp.Interest ExpenseIncome Before TaxIncome Tax ExpenseNet IncomeCash Flow Statement (all numbers in billions)Cash Flows from OperationsCash Flows from InvestingCash Flows from FinancingNumber of Shares Outstanding (in billions)Stock Price (12/31/2021)Dividends per share for 20212020274.15170.14104.0138.672.8767.099.6857.41202080.67-4.29-86.8216.32177.570.88Balance Sheet (all numbers in billions)365.82 Cash212.98 Marketable Securities152.84 Accounts Receivable43.89 Inventory2.65 Total Current Assets109.21 Fixed Assets14.53 Total Assets94.68 Accounts PayableNotes PayableTotal Current Liabilities2021Long-Term DebtTotal Liabilities104.04 Retained Earnings-14.55 Common Stock-93.35 Total Equity2021202019.987137.454.06143.7145.34323.8942.315.23105.39107.05258.5514.9750.7865.34202126.9135.7351.516.58134.8449.5335154.7617.14125.48119.38287.915.5657.3763.09+

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Answered: 1. Apple's return on total equity ratio…

1. Apple's return on total equity ratio for 2021 is a. 1.47 b. 0.89 c. 0.74 d. 1.65 2. Apple's dividend payout ratio in 2021 is a. 24.57% b. 15.17% c. 37.38% d. 43.26%

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 Apple Inc.'s financial information. Please answer questions 1-3.

1. Apple's return on total equity ratio for 2021 is

a. 1.47

b. 0.89

c. 0.74

d. 1.65

2. Apple's dividend payout ratio in 2021 is

a. 24.57%

b. 15.17%

c. 37.38%

d. 43.26%

3. Apple's sustainable equity growth rate in 2021 is

a. 0.69

b. 1.47

c. 1.25

d. 0.56

900699
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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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