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? |