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ased on your analysis of Apples most recent financial statements, predict whether Apples financial health will likely improve or deteriorate over the next five (5) years. Provide a rationale for your response.

Examine Apples statement of cash flows. Recommend at least two (2) actions that Apple could take in order to maximize the use of its cash flows. Provide a rationale for your response. see link below for financial statement.

http://investor.apple.com/financials.cfm

$ in Billions			Buyback											Cash
		Open	Accelerated			Dividends		Net Share		Capital
Fiscal Quarters			Share	Total		and						Total Debt1	Domestic	International	Total
		Market	Repurchase			Equivalents		Settlement		Returned
FY12					$2.5		$0.1		$2.5		$0		$39	$83	$121
FY13	$9.0		$14.0	$23.0	$10.6		$1.1		$34.6		$17		$35	$111	$147
FY14	$24.0		$21.0	$45.0	$11.1		$1.2		$57.3		$35		$18	$137	$155
Q115	$5.0			$5.0	$2.8		$0.5		$8.3		$36		$20	$158	$178
Q215	$7.0			$7.0	$2.7		$0.1		$9.8		$44		$22	$171	$194
Q315	$4.0		$6.0	$10.0	$3.1		$0.7		$13.8		$54		$22	$181	$203
Q415	$14.0			$14.0	$3.0		$0.2		$17.2		$64		$19	$187	$206
Q116	$3.0		$3.0	$6.0	$3.0		$0.6		$9.6		$63		$16	$200	$216
Q216	$7.0			$7.0	$2.9		$0.2		$10.1		$80		$24	$209	$233
Q316	$4.0		$6.0	$10.0	$3.2		$0.6		$13.8		$85		$17	$215	$232
Q416	$3.0		$3.0	$6.0	$3.1		$0.2		$9.3		$87		$22	$216	$238
Q117	$5.0		$6.0	$11.0	$3.1		$0.6		$14.8		$88		$16	$230	$246
Q217	$4.0		$3.0	$7.0	$3.0		$0.2		$10.2		$99		$17	$240	$257
Total Return through Q217		$89.0	$62.0	$151.0		$54.0		$6.2		$211.2
Total program anticipated through March 2019				$210.0					$300.0

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