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Using the Annual Report of Apple answer the following questions... HERE IS THE LINK TO THE...

Using the Annual Report of Apple answer the following questions... HERE IS THE LINK TO THE REPORT... http://investor.apple.com/secfiling.cfm?filingid=1628280-16-20309&cik=320193

Compute the basic earnings per share for the company.

What method does the company use to report net cash flows from operating activities? How can you tell?

What does this evaluation tell you about the company?

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Answer #1

1. Apple had basic EPS of $ 8.35 and diluted EPS of $ 8.31.

2. The company used the indirect method of calculation because in cashflow statements Adjustments to reconcile net income to cash generated by operating activities were done.

3. The evaluation of CFS and basic EPS tells that company had negative cash generation in the year, it lost 636 millions of cash primarily due to a reduction in cash generated from operating activities, a threefold increase in deferred income tax. Due to lowering down of profit, the company had lower EPS, in spite of the reduction in Weighted-average diluted shares.

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