ACC/291-What is the par or stated value per share of Apple's common stock

Question:

1. Go to http://investor.apple.com.
2. Select the Financial Information tab.
3. Select the 10?K annual report dated September 29, 2014.
4. The Notes to Consolidated Financial Statements begin on page 50.

Complete a 1,050-word summary of findings and recommendations from 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 28, 2013, and at September 27, 2014?
• Calculate the payout ratio, earnings per share, and return on common stockholders' equity for 2014.