Answered: has 137 billion in excess cash in 2012.…

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has 137 billion in excess cash in 2012. How mu

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Apple has 137 billion in excess cash in 2012. How much would they have if they distributed all their "excess" each year for the next 5 years? 5.6% interest rate and 10% annual growth rate of sales. 2012 sales is 156,508 million.

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