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Question - Following is data for Apple Corp. for 2004, 2005, and 2019 (amounts in millions)
2019 $2,462
2018 $1,928
2017 $1,470
Average common shareholders' equity
Average number of shares outstanding $270 $268 $264
Net Income $890 $804 $690
Required -
a. Calculate EPS for the three years.
b. Calculate basic ROCE for the three years.
c. Interpret the trend in each ratio and explain what may have caused these trends.
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Never recorded in the financial statements Recorded when purchased (individually or in conjunction with a business acquisition)
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Paul and Dee were married on July 15, 1989 and live happily in Cape Coral, FL. They have two children, Evan and Ally. Evan is 25, works for Yelp in NYC and lives in 2-bedroom apartment with three roommates. Though his mother sends him care packages, ..
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