Saginaw Inc. had NI available for common of $7,000,000 and 120,00,000 shares of common stock outstanding at the end of 2017. The only potentially dilutive security was an issue of 15,000 options, which had a remaining 3-year life and a strike price of $2.500. The market cap for Saginaw was $780 m. Saginaw uses the treasury method for calculating diluted eps.