Financial Reporting Problem II

Purpose of Assignment
The purpose of this assignment is to expose you to the basic process involved in the analysis of the cash flow statement.
Assignment Steps
Resources: Appendix A of Financial Accounting: Tools for Business Decision Making
Note: This is a two part assignment.
Part 1
Answer questions A-F in problem CT12-1 in Financial Accounting (p. 640).
Part 2
Answer the following questions:

What is the par or stated value per share of Apple’s common stock?
What percentage of Apple’s authorized common stock was issued at September 27, 2014?
How many shares of common stock were outstanding at September 27, 2014, and at September 28, 2013?
Calculate the payout ratio, earnings per share, and return on common stockholders’ equity for 2014.

Complete a 200-word summary concerning the management of the company’s cash from Part I and findings and recommendations from the Part II questions.
Use the Week 5 Excel® spreadsheet.
I have attached the Appendix A data.
Also have attached the Excel that needs to be used to fill out the answers to all the questions.