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+

“Since you have posted a question with multiple sub-parts, we will solve first three sub-parts…

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%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: The Ola Nacho Company paid a $1.00 dividend in 2016. If the current dividend in 2019 was $1.20, what…

A: Dividend 2016= 1 Dividend 2019= 1.20 Using Dividend growth model:

Q: For the companies Lockheed-Martin (LMT) & Northrop-Grumman (NOC) Use Macrotrends data to calculate…

A: I find no data in attached link. Please give me the full data or just follow the steps provided to…

Q: What is the projected dividend for Year 2023? 2. What is the projected net income for Year 2023?

A: Solution Given Assets Liabilities Shareholders equity Year 2021 balances 2398…

Q: Internal Growth Rate (IGR) Net Income ($) Total dividend paid ($) Retention ratio (%) Total assets…

A: Besides borrowing, the rate at which an organization can grow is known as the sustainable growth…

Q: A company's dividend payments to its shareholders over the last five years were: Year $…

A: Given: Year Dividend payment 2017 $102 2018 $108 2019 $120 2020 $135 2021 $140

Q: If Pepperdine, Inc.'s return on equity is 16 percent and the management plans to retain 56 percent…

A: In finance growth rate of a firm is the maximum growth that an entity can see or can achieve without…

Q: (Measuring growth) If Pepperdine, Inc.'s return on equity is 22 percent and the management plans…

A: Solution:- Growth rate means the rate at which the firm grows in the future.

Q: Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the…

A: For computing the historical annual growth rate of Seagate dividends we can use the compounding…

Q: Using spreadsheet financial functions, calculate the following: Number of periods Petcom’s 2021…

A: Current EPS is $2 The growth rate is 9% per year To Find: Number of periods

Q: Question a) Explain the trend(increase or decrease) b) which one is better conventional or…

A: a) The return on equity has decreased for both Conventional and Islamic. In the case of…

Q: Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2019 Sales…

A: The internal growth rate is a financial measure that analyzes a company's ability to expand its…

Q: The following chart shows earnings and dividend growth of Woolworths group from 2016 to 2020 Why do…

A: Dividend decision refers to the decision for the distribution of profits to the shareholders.…

Q: what is Nestle's dividend coverage ratio in 2021? what is nestle's sales coverage ratio in 2022…

A: Hershey's Cash Flow to Net Income Ratio in 2022 under LIFO:For Hershey's cash flow to net income…

Q: Common stock value: Constant growth Seagate Technology is a global leader in data storage solutions…

A: Current price of stock is the price which can be paid for purchase of the stock. It is also called…

Q: the balance sheet shows that equity has increased significantly in 2021. Your task is to explain…

A: A balance sheet of an entity refers to the financial statement that reports an entity's assets,…

Q: What is the comparison of Equity Multiplier Ratio between Alex Company and the industry Average?…

A: Equity Multiplier Ratio is the ratio of total assets to total equity. It measures the portion of…

Q: Over the last 10 years, a firm has had the earnings per share shown in the following table: Years…

A: 1.EPS for 2022 = $4.46Payout ratio = 40%The annual dividend for 2022 is

Q: Problem . Valuation of equity X Company paid dividends of 2.12 in 2022. The dividends are…

A: Current dividend (D0) = 2.12 Growth rate (g) = 5% Cost of equity (r) = 9.40%

Q: klp.2

A: The objective of the question is to calculate the annual dividend growth rate of a firm. The firm…

Q: Revenue Cost of sales Gross margins Operating expenses: Research & Development Selling, general &…

A: Total current assets = Cash and cash equivalents + Accounts receivable + Inventories

Q: Common stock value: Constant growth Seagate Technology is a global leader in data storage…

A: D2018 = 1.55 , D2022 = 2.54 g = the future constant annual dividend growth rate = the historical…

Q: Return on Equity* Return on Capital Employed* Gross profit margin Operating profit margin Interest…

A: Lets understand the basics. Return on equity shows how much return is generated by using the equity…

Q: SLYMN Enterprises has a P/E ratio of 12.2 and a dividend payout ratio of 45%. If its equity cost of…

A: The growth rate refers to the rate at which something, such as a quantity or value, increases or…

Q: Cuny, Inc. reported the following common size date for the year ended December 31, 2022: (Income…

A: Return on equity is a method used to evaluate the financial performance of the entity. It refers to…

Q: Use the historical dividend data below to calculate the constant growth rate, estimate the price of…

A: Constant growth rate is that rate of increase in value under which value of any assets will increase…

Q: If the earnings per share of Microsoft in 2022 is 5.1, how much did you earn from its 1.5 share…

A: Earnings per share is the amount of earnings attributable to each shareholder. This is calculated by…

Q: Select one:

A: Given information :

Q: 2018 2019 2020 2021 2022 In 2023 they will pay 8.5 WHAT IS THE GROWTH RATE 7 2 3 6 7

A: Growth rate is the increase in amount from the previous one and due to compounding large amount is…

Q: 18) You have collected the following information regarding Impi Industrial Corporation's historical…

A: Intrinsic Stock Price is determined by computing present value(PV) of all future benefits that will…

Q: Select a publicly traded company that pays dividend. Go to www.yahoofinance.com and download the…

A: Annual dividends is the sum of all dividends paid in a particular year. Annual dividend growth rate…

Q: Given that a firm's return on equity is 17 percent and management plans to retain 37 percent of…

A: In finance growth rate of a firm is the maximum growth that an entity can see or can achieve without…

Q: The Bouchard Company's EPS was $6.80 in 2019, up from $3.34 in 2014. The company pays out 40% of its…

A: To calculate growth rate, compounded annual growth rate formula will be used. growth rate or CAGR =…

Q: a-2. What is the trend in the net income to total assets ratio? O Strong upward movement O Strong…

A: The question is related to Rstio Anaysis.Ratio of Net Income to total assets is calculated with the…

Q: Question Help Common stock value: Constant growth Seagate Technology is a global leader in data…

A: Common stock is a security that represents ownership in a corporation. Holders of common stock elect…

Q: Briefly describe your perception of Apple's liquidity and profitability based on your calculations…

A: Financial ratios refer to the assessment of a company's financial position. There are several…

Q: What is the comparison (analysis) of the Equity Multiplier of Industry Average Ratio and the Company…

A: There are various methods that the company used in order to measures the risk one of them is the…

Q: Common stock value: Constant growth Seagate Technology is a global leader in data storage solutions…

A: The value of stock is equal to the present value of the future dividends.Dividend for 2015 =…

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
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
+

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

Step 2

Step 3

Step 4

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Common stock value: Constant growth Seagate Technology is a global leader in data storage solutions and a consistent dividend payer. From 2018 through 2022. Seagate paid the following per-share dividends: Year Dividend per share 2022 2021 2020 2019 2018 $2.53 2.21 1.83 1,24 1.48 Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constant annual dividend growth rate, Use a 18% required rate of return to find the value of Seagate's stock immediately after it paid its 2022 dividend of $2.53. The value of Seagate's stock is $ (Round to the nearest cent)
Common stock value: Constant growth Seagate Technology is a global leader in data storage solutions and a high-yield dividend payer. From 2015 through 2019, Seagate paid the following per-share dividends: IT Year Dividend per share 2019 $2.49 2018 2.24 2017 1.83 2016 1.22 2015 1.53 Assume that the historical annual growth rate of Seagate dividends is an accurate estimate of the future constant annual dividend growth rate. Use a 19% required rate of return to find the value of Seagate's stock immediately after it paid its 2019 dividend of $2.49.
Common stock value: Constant growth Seagate Technology is a global leadur in data storage nolutins and a hegh-yeld dividend payer From 2015 through 2019, Seagate paid he wing per ahare dvidend Year 2019 2018 2017 2016 2015 Dividend per share $7 49 224 183 1.22 1.53 Assume that the historical annual grewth rate of Seagate dividends in an accurate estimale of te ure constant annaal dividend growth rate Use a 19% equired rate of rotum ta fed te value of Seagate's stack Immediately after it paid its 2019 dividend of $2 49 The vakue of Seagate's stock is (Round to the nearest cent)
What is the average annual growth rate for Duke Energy's recent dividends? Year annual dividends 2022 $ 1.68 1.56 1.44 1.32 1.20 2021 2020 2019 2018
Plc plc has paid the following dividends over the past seven years: Year Dividend per share 2020 £2.30 2019 £2.22 2018 £2.05 2017 £1.95 2016 £1.86 2015 £1.79 2014 2013 £1.74 £1.65 i) Based on the information provided above, apply Gordon’s growth model to compute the dividend growth rate.
What does this say about the company?
You have collected the following information regarding Impi Industrial Corporation’s historical earnings per share 2012 R 12.36 2013 R 13.60 2014 R15.82 2015 R 17.80 2016 R 20.90 2017 R21. 78 Based on your analysis of Impi’s fundamentals you estimate that the firm’s earnings will continue to grow at its average historical growth rate for the next year but that in the following year, as a result of the launch of a new product the firm is currently developing, earnings will grow at a rate of 20% per year for two years. After this, you project that the earnings growth rate will decrease by 5% per year for the next two years, to its long-term sustainable rate. You project that the firm will maintain a 50% dividend pay-out ratio and that the appropriate market capitalisation rate for Impi Industrial Corporation is 15%. What action would you take if the…
klp.2
1. Find the Ratio of FIxed Assets to long term liabilities 2. Find the ratio of liabilities to stockholders equity Look at the pictures, then answer the question please! thank you in adavance.
Use the historical dividend data below to calculate the constant growth rate, estimate the price of O'Brien Ltds’ common stock knowing that the investor has an 19% required rate of return. 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 $0.41 $0.48 $0.56 $0.65 $0.75 $0.88 $0.99 $1.10 $1.13 $1.39 Question 10Answer a. g= 17.50% and Price (P0) = $56.43 b. g= 14.04% and Price (P0) = $31.49 c. g= 27.4% and Price (P0) = $300.81 d. g= 14.53% and Price (P0) = $35.60
use EXCEL and provide Cell References for Calculations.
Liquidity Ratios Provide a brief definition of what liquidity ratios mean to the profitability of a company. What are the differences between Samsung and Apple in relationship to each of the ratios? What do the ratios mean to the company’s profitability? Is it good or bad?