Attached is Apple Inc.'s financial information. Please answer questions 1-3. 1. Apple's price-to-book ratio on 12/31/2021 is a. 16.43 b. 34.10 c. 45.93 d. 22.39 2. Apple's effective tax rate in 2021 is a. 11.83% b. 20.65% c. 17.72% d. 13.30% 3. Apple's net operating profit after tax in 2021 is a. $80.27 billion b. $42.26 billion c. $94.45 billion d. $55.91 billion
Attached is Apple Inc.'s financial information. Please answer questions 1-3. 1. Apple's price-to-book ratio on 12/31/2021 is a. 16.43 b. 34.10 c. 45.93 d. 22.39 2. Apple's effective tax rate in 2021 is a. 11.83% b. 20.65% c. 17.72% d. 13.30% 3. Apple's net operating profit after tax in 2021 is a. $80.27 billion b. $42.26 billion c. $94.45 billion d. $55.91 billion
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Attached is Apple Inc.'s financial information. Please answer questions 1-3.
1. Apple's price-to-book ratio on 12/31/2021 is
a. 16.43
b. 34.10
c. 45.93
d. 22.39
2. Apple's effective tax rate in 2021 is
a. 11.83%
b. 20.65%
c. 17.72%
d. 13.30%
3. Apple's
a. $80.27 billion
b. $42.26 billion
c. $94.45 billion
d. $55.91 billion
Transcribed Image Text: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.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education