The wall street journal routinely publishes summaries of

Assignment Help Accounting Basics

Reference no: EM13581981

The Wall Street Journal routinely publishes summaries of corporate quarterly and annual earnings reports in a feature called the "Earnings Digest." A typical "digest" report takes the following form.

ENERGY ENTERPRISES (A)
	Quarter ending July 31
	2012	2011
Revenues	$2,049,000,000	$1,754,000,000
Net income	97,000,000	(a) 68,750,000
EPS: Net income	1.31	0.93

	9 months ending July 31
	2012	2011
Revenues	$5,578,500,000	$5,065,300,000
Extraordinary item	(b) 1,900,000
Net income	102,700,000	(a) 33,250,000
EPS: Net income	1.39	0.48

(a) Includes a net charge of $26,000,000 from loss on the sale of electrical equipment
(b) Extraordinary gain on Middle East property expropriation

The letter in parentheses following the company name indicates the exchange on which Energy Enterprises' stock is traded-in this case, the American Stock Exchange.

Answer the following questions.

(e)	Approximately how many shares of stock were outstanding in 2012?

Reference no: EM13581981

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