Contemporary Engineering Economics (6th Edition)
6th Edition
ISBN: 9780134105598
Author: Chan S. Park
Publisher: PEARSON
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Question
Chapter 2, Problem 10P
To determine
Calculate the return on common equity.
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Apple Inc.CONSOLIDATED BALANCE SHEETS(In millions, except number of shares which are reflected in thousands and par value)September 28, 2019 September 29, 2018ASSETSCurrent assetsCash and cash equivalents $ 48,844 $ 25,913Marketable securities 51,713 40,388Accounts receivable, net 22,926 23,186Inventories 4,106 3,956Vendor non-trade receivables 22,878 25,809Other current assets 12,352 12,087Total current assets 162,819 131,339Non-current assetsMarketable securities 105,341 170,799Property, plant and equipment, net 37,378 41,304Other non-current assets 32,978 22,283Total non-current assets 175,697 234,386Total assets $ 338,516 $ 365,725LIABILITIES AND SHAREHOLDERS’ EQUITYCurrent liabilitiesAccounts payable $ 46,236 $ 55,888Other current liabilities 37,720 33,327Deferred revenue 5,522 5,966Commercial paper 5,980 11,964Term debt 10,260 8,784Total current liabilities 105,718 115,929Non-current liabilitiesTerm debt 91,807 93,735Other non-current liabilities 50,503 48,914Total non-current…
Problem
Sebastian Vincent and his wife, Elyse have they decided to purchase
$2500 worth of utility stocks starting 2 years from now. The married
couple is expecting their income to increase so they have decided to
increase their purchases by $250 per year for the next 10 years. What
would be the present worth, future worth, and annual worth of their
utility stocks if they yield a uniform dividend of 10% throughout the
investment period and the price/share remains constant?
(Use equation Tool for solutions and provide cash flow diagram)
Please solve in 30 minute
Chapter 2 Solutions
Contemporary Engineering Economics (6th Edition)
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