Apple's net profit (after covering costs, paying taxes etc.) in 2009 was $8.24 billion.
Retained earnings are current year profit and Reserves are allotted the amount from last year profits as reserves.
Company's retained earnings increased by 80% of last year profit that is (820 million * 80%) 656 million.
I have no idea. Im trying to find this out
How am I supposed to know, do I work for them?
300 mil
I am not sure exactly how long they will last, but they will last for at least 1 year.
It is cash only if it is appropriated as general reserve. Retained Earnings is a "general term" where the earnings are already used for various activities of the business.
630M 900,000,000 / 30%
Current year earnings are the net income or loss of the business for the current year. This amount is the difference between all revenues and all expenses on the income statement. Current year earnings are presented on the balance sheet only until they are transferred to retained earnings.
Apples are renewable as they grow year after year on the same tree !
Earnings = Net Income. Cumulative Earnings over three years is the net income of each year added together. Year 1 Net Income Year 2 Net Income + Year 3 Net Income = Cumulative Earnings
From retained earnings.