UMGC Apple Inc 2022 Annual Report Questions

Question Description

I’m working on a accounting writing question and need the explanation and answer to help me learn.

Review the 2022 Annual Report (Form 10-K) for Apple, Inc. (financial statements begin on page 32 of the PDF) and respond to the questions / requirements below.

How much in net income did Apple report for the most recent fiscal year, and what trends in income (i.e., revenues and expenses) seem to be occurring for the company over recent years
(a) Did Apple declare dividends in the most recent fiscal year? If so, what amount of dividends were declared and where in the financial statements do dividends get reported? (b) In addition to dividends, what information (from the Annual Report or elsewhere) would be important to consider when deciding whether or not to (i) invest in Apple and/or (ii) lend to Apple?

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