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Assessing Common Stock and Treasury Stock Balances Following is the stockholders' equity section from the Toyota Motor Corporation's balance sheet for the 2015 fiscal year,
Assessing Common Stock and Treasury Stock Balances Following is the stockholders' equity section from the Toyota Motor Corporation's balance sheet for the 2015 fiscal year, which ended on March 31, 2015. Toyota Motor Corporation Shareholders' Equity (Millions of Yen) March 31, 2015 Common stock, no par value: authorized 150,000,000 shares, issued 103,300,000 shares at March 31, 2015 1,033 Additional paid-in capital 369,171 Retained earnings 2,320,571 Accumulated other comprehensive income (loss) 6,455 Treasury stock, at cost: 17,664,000 shares at March 31, 2015 (834,774) Total shareholders' equity 1,862,456 Required a. Toyota has repurchased 17,664,000 shares that comprise its March 31, 2015 treasury stock account. Compute the number of outstanding shares as of March 31, 2015. b. Assume that all of this treasury stock had been acquired in one purchase on July 1, 2014. What is the denominator of the basic EPS calculation? Round to nearest whole number
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