Analyzing EPS through Financial Statement Presentation

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

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$).$

$$ million shares.

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

$$ capital structure.

c$.$ If diluted weighted$-$average common shares were $1,547$ million, recompute diluted EPS.

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

Stock plans

Convertible securities