Analyzing EPS through Financial Statement Presentation

Sundry Inc. reported the following information in its consolidated statement of earnings for the fiscal year ended January $31.$

Net earnings$$5,607$ millionBasic earnings per share$$5\mathrm{.}49$Diluted earnings per share$$5\mathrm{.}46$

Required

a$.$ Estimate the average number of common shares outstanding for its fiscal year ended January $31.$

$$ Note: Round your answer to the nearest whole share $($in millions$).$

Answer $1$ million shares.

b$.$ Does the company have a simple or a complex capital structure?

Answer $2$SimpleComplex capital structure.

c$.$ If diluted weighted$-$average common shares were $1,023$ million, recompute diluted EPS.

Numerator$/$Denominator$=$ResultAnswer $3/$Answer $4=$

d$.$ Based on part c$,$ what type$($s$)$ of dilutive securities would we assume the company reported in its $$nancial statements?

Stock plans Answer $5$Included in diluted EPS calculationNot included in diluted EPS calculationUnable to determine

Convertible securities Answer $6$Included in diluted EPS calculationNot included in diluted EPS calculationUnable to determine