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?

The par value of apple stock is negligible at $0.00001 per share.

Apple Inc. has a total of 12,600,000,000 shares of authorized common stock.

The number of issued and outstanding shares Apple Inc. has as of September 27, 2014, is 5,866,161,000

percentage of authorized common stock issues Number of issued and outstanding shares/total authorized shares = 5,866,161,000/12,600,000,000 = 0.4656 = 46.56%

So, 46.56% of Apple Inc.’s authorized common stock has been issued as of September 27, 2014

5,866,161,000 shares of common stock were outstanding on September 28, 2013

On September 27, 2014, there were 6,294,494,000 shares of common stock outstanding.

The company has paid no dividends, so there is no payout ratio Earnings per share = 6.43$/share (total of all four quarters)

Return on equity for 2014 = 35.42%

answer; post closing trial balance;