Use the following information from Apple, Inc. financial statements to calculate their Free Cash Flows for 2023 (fiscal year-end 09/30/2023). Use finance.yahoo.com or money.msn.com to access their financial statements. Their ticker symbol is AAPL. EBIT (operating income) and tax information can be found on the income statement. Calculate the effective tax rate. 2023 EBIT = Tax rate (Effective) = Tax provision/Earnings Before Tax = 2023 Depreciation & Amortization = 11,519.000 2023 Investment in Gross Fixed Assets = 5,064,000 2023 NOWC = 57,441,000 2022 NOWC 43,515,000
Use the following information from Apple, Inc. financial statements to calculate their Free Cash Flows for 2023 (fiscal year-end 09/30/2023). Use finance.yahoo.com or money.msn.com to access their financial statements. Their ticker symbol is AAPL. EBIT (operating income) and tax information can be found on the income statement. Calculate the effective tax rate. 2023 EBIT = Tax rate (Effective) = Tax provision/Earnings Before Tax = 2023 Depreciation & Amortization = 11,519.000 2023 Investment in Gross Fixed Assets = 5,064,000 2023 NOWC = 57,441,000 2022 NOWC 43,515,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Question
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Transcribed Image Text:Use the following information from Apple, Inc. financial statements to calculate their Free Cash Flows for 2023 (fiscal year-end 09/30/2023). Use finance.yahoo.com or money.msn.com to access their financial
statements. Their ticker symbol is AAPL. EBIT (operating income) and tax information can be found on the income statement. Calculate the effective tax rate.
2023 EBIT =
Tax rate (Effective) = Tax provision/Earnings Before Tax =
2023 Depreciation & Amortization = 11,519.000
2023 Investment in Gross Fixed Assets = 5,064,000
2023 NOWC = 57,441,000
2022 NOWC 43,515,000
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