Calculate Apple’s ROE for the years ended September 26, 2020, and September 28, 2019.
Question
Calculate Apple’s ROE for the years ended September 26, 2020, and September 28, 2019.
Solution
To calculate Apple's Return on Equity (ROE) for the years ended September 26, 2020, and September 28, 2019, you will need the following information:
- Net Income for the years ending on those dates.
- Shareholder's Equity for the years ending on those dates.
The formula for ROE is:
ROE = Net Income / Shareholder's Equity
Unfortunately, I don't have the specific numbers for Apple's net income and shareholder's equity for those years. However, you can find these numbers in Apple's annual report or 10-K filing for the respective years. Once you have these numbers, you can plug them into the formula to calculate the ROE.
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